KLP Kapitalforvaltning AS Acquires 19,200 Shares of Grab Holdings Limited $GRAB

KLP Kapitalforvaltning AS grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 827,600 shares of the company’s stock after acquiring an additional 19,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Grab were worth $4,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GRAB. J2 Capital Management Inc boosted its holdings in Grab by 21.5% in the 2nd quarter. J2 Capital Management Inc now owns 12,189 shares of the company’s stock worth $61,000 after buying an additional 2,155 shares during the period. Sowell Financial Services LLC raised its position in shares of Grab by 18.8% during the 2nd quarter. Sowell Financial Services LLC now owns 13,953 shares of the company’s stock valued at $70,000 after buying an additional 2,206 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Grab by 6.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company’s stock valued at $208,000 after buying an additional 2,581 shares in the last quarter. Empowered Funds LLC raised its position in shares of Grab by 6.2% during the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock valued at $239,000 after buying an additional 3,090 shares in the last quarter. Finally, Summit Securities Group LLC raised its position in shares of Grab by 63.6% during the 1st 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 in the last quarter. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

GRAB has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Wednesday. Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, HSBC reissued a “hold” rating and issued a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Grab Stock Performance

Grab stock opened at $5.86 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62. The firm has a market capitalization of $23.60 billion, a P/E ratio of 146.54 and a beta of 0.88. The company’s 50-day moving average is $5.53 and its 200 day moving average is $5.02.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Grab has set its FY 2025 guidance at EPS. Research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab 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.