Key Insights
Institutions' substantial holdings in Grab Holdings implies that they have significant influence over the company's share price
A total of 9 investors have a majority stake in the company with 50% ownership
Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business
To get a sense of who is truly in control of Grab Holdings Limited (NASDAQ:GRAB), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 41% to be precise, is institutions. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).
Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.
In the chart below, we zoom in on the different ownership groups of Grab Holdings.
NasdaqGS:GRAB Ownership Breakdown August 24th 2024
What Does The Institutional Ownership Tell Us About Grab Holdings?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
As you can see, institutional investors have a fair amount of stake in Grab Holdings. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Grab Holdings, (below). Of course, keep in mind that there are other factors to consider, too.
NasdaqGS:GRAB Earnings and Revenue Growth August 24th 2024
Grab Holdings is not owned by hedge funds. The company's largest shareholder is Uber Technologies, Inc., with ownership of 14%. Meanwhile, the second and third largest shareholders, hold 10% and 5.6%, of the shares outstanding, respectively.
We did some more digging and found that 9 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
Insider Ownership Of Grab Holdings
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
We can report that insiders do own shares in Grab Holdings Limited. Insiders own US$393m worth of shares (at current prices). Most would say this shows a good alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.
General Public Ownership
The general public-- including retail investors -- own 21% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
Private Equity Ownership
Private equity firms hold a 10% stake in Grab Holdings. This suggests they can be influential in key policy decisions. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.
Public Company Ownership
We can see that public companies hold 24% of the Grab Holdings shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
Next Steps:
It's always worth thinking about the different groups who own shares in a company. But to understand Grab Holdings better, we need to consider many other factors.
I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
主要見解
要了解誰真正控制了Grab Holdings有限公司(納斯達克:GRAB),了解該企業的所有權結構是很重要的。在該公司中持有最多股份的群體,精確地說是約41%的機構。也就是說,如果股票上漲,該群體將獲得最大利益(或者如果經濟出現下滑,則會損失最多)。
考慮到機構持有的巨額資金和研究能力,機構持股往往具有很大的影響力,特別是對於個人投資者。因此,機構投資者投資公司的大量資金通常是對其未來的巨大信任。
在下面的圖表中,我們放大了Grab Holdings的不同所有權組。
納斯達克:GRAb所有權分佈於2024年8月24日
機構所有權向我們展示了Grab Holdings的什麼情況?
機構投資者通常將自己的回報與常見的指數回報進行比較。因此,他們通常會考慮購買包括在相關基準指數中的較大公司。
正如您所見,機構投資者在Grab Holdings擁有相當大的股份。這可能表明該公司在投資界具有一定的信譽度。然而,最好不要過分依賴機構投資者所謂的認可。他們有時也會犯錯。如果兩個大型機構投資者嘗試同時拋售一隻股票,很常見會看到股價大幅下跌。因此,最好檢查Grab Holdings的過去收益軌跡(如下所示)。當然,也要記住還有其他因素需要考慮。
納斯達克GS:GRAb盈利和營業收入增長2024年8月24日
Grab控股不是由對沖基金擁有。該公司最大的股東是Uber Technologies, Inc.,持有14%的股份。同時,第二和第三大股東分別持有流通股的10%和5.6%。
我們進行了更多挖掘,發現前九大股東佔註冊資本的大約50%,這意味着除了較大的股東外,還有少數小股東,從而在一定程度上平衡了彼此的利益。
研究機構所有權是衡量和過濾股票預期表現的好方法。通過研究分析師的情緒也可以實現同樣的目的。由於有相當數量的分析師涵蓋這支股票,因此了解他們對未來的整體看法可能會有所幫助。
Grab控股的內部持股情況
雖然「內部人士」的明確定義具有主觀性,但幾乎所有人都認爲董事會成員是內部人士。公司管理業務,但首席執行官即使是董事會成員,也要向董事會負責。
我通常認爲內部人士持股是一件好事。但是,在某些情況下,它會使其他股東更難以對董事會的決定進行問責。
我們可以報告說,Grab Holdings Limited的內部人士擁有股份。內部人士擁有價值39300萬美元的股份(按照當前價格計算)。大多數人會認爲這顯示了股東和董事會之間的良好利益對齊。不過,或許值得檢查一下這些內部人士是否一直在賣出。
一般大衆所有權
普通公衆-包括散戶投資者-擁有該公司的 21% 的股份,因此不能輕易忽略。儘管該群體不能決定公司的方向,但它確實可以對公司的運營產生實際影響。
股權投資公司持有8.8%的股份,有能力參與塑造以價值創造爲重點的公司策略。一些投資者可能會因此而受到鼓舞,因爲股權投資公司有時可以鼓勵市場看到公司的價值,從而採取有益的策略。另外,那些持有者可能在將其上市後退出投資。
股權投資公司持有Grab Holdings的10%股權,這意味着他們在重要政策決策中可能具有影響力。有時候,我們會看到股權投資公司長揸股權,但總體來說,他們的投資期限較短,並且 -- 正如其名字所示 -- 不太投資公共公司。在一段時間之後,他們可能會考慮出售股權,並將資本重新配置到其他地方。
上市公司所有權
我們可以看到,公共公司持有發行的Grab Holdings股票的24%。很難確定,但這可能意味着他們有着緊密的業務利益關係。這可能是一種戰略股權,所以值得關注這個領域的所有權變動。
下一步:
始終值得考慮在一家公司中擁有股權的不同群體。但要更好地了解Grab Holdings,我們需要考慮許多其他因素。
我喜歡更深入地了解公司過去的表現。您可以在以下詳細圖表中找到歷史收益和收入。
最終,未來最重要。您可以在這份關於該公司分析師預測的免費報告中獲取有關信息。
注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。