Russell Investments Group Ltd. Sells 137,729 Shares of Grab Holdings Limited $GRAB

by · The Cerbat Gem

Russell Investments Group Ltd. trimmed its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,961,238 shares of the company’s stock after selling 137,729 shares during the quarter. Russell Investments Group Ltd. owned about 0.45% of Grab worth $90,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. AlphaCore Capital LLC purchased a new position in shares of Grab during the second quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd raised its holdings in Grab by 51.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after purchasing an additional 2,634 shares in the last quarter. Summit Securities Group LLC raised its stake in Grab by 63.6% in the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock worth $37,000 after buying an additional 3,199 shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of Grab in the 2nd quarter worth approximately $50,000. Finally, Savant Capital LLC bought a new position in Grab in the second quarter worth $51,000. Institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GRAB shares. Barclays lifted their price objective on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a research note on Tuesday, November 11th. HSBC restated a “hold” rating and set a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Hsbc Global Res cut shares of Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. Finally, Wall Street Zen cut Grab from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.37.

Get Our Latest Stock Analysis on Grab

Grab Trading Up 1.5%

GRAB stock opened at $5.32 on Thursday. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 133.03 and a beta of 0.88. The firm’s fifty day simple moving average is $5.84 and its two-hundred day simple moving average is $5.32.

Grab (NASDAQ:GRAB – Get Free Report) last released its earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Grab had a return on equity of 1.91% and a net margin of 3.81%.The business had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. Grab has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Grab Profile

(Free Report)

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.

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