Caitong International Asset Management Co. Ltd Acquires 2,634 Shares of Grab Holdings Limited $GRAB

Caitong International Asset Management Co. Ltd boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 51.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,780 shares of the company’s stock after buying an additional 2,634 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Grab were worth $39,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Summit Securities Group LLC boosted its stake in Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock valued at $37,000 after buying an additional 3,199 shares during the period. Proficio Capital Partners LLC bought a new stake in Grab during the first quarter valued at $45,000. Perigon Wealth Management LLC bought a new stake in Grab during the first quarter valued at $48,000. Intelligence Driven Advisers LLC purchased a new stake in Grab during the first quarter valued at about $48,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Grab during the first quarter valued at about $51,000. Institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

GRAB has been the topic of several recent research reports. HSBC reiterated a “hold” rating and set a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research report on Saturday. Finally, Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.06.

Grab Stock Up 2.3%

GRAB opened at $5.85 on Friday. The company has a market cap of $23.56 billion, a P/E ratio of 146.29 and a beta of 0.88. The business’s 50-day moving average price is $5.68 and its 200-day moving average price is $5.13. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12 month low of $3.36 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $819.00 million for the quarter, compared to the consensus estimate of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Grab has set its FY 2025 guidance at EPS. On average, equities analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.