Titleist Asset Management LLC Buys Shares of 113,796 Grab Holdings Limited $GRAB

Key Points

• Titleist Asset Management LLC acquired 113,796 shares of Grab Holdings Limited, valuing approximately $515,000 during the first quarter.
• Grab Holdings reported a net revenue of $819 million for the last quarter, slightly exceeding analyst estimates, with earnings per share (EPS) meeting expectations at $0.01.
• The company's stock is currently trading at $4.99, with a market cap of $20.09 billion and a P/E ratio of 124.78.

Titleist Asset Management LLC bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,796 shares of the company's stock, valued at approximately $515,000.

Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Grab during the first quarter worth $165,000. Janney Montgomery Scott LLC grew its holdings in shares of Grab by 669.7% during the first quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock worth $420,000 after purchasing an additional 80,602 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Grab by 98.9% during the first quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock valued at $1,033,000 after acquiring an additional 113,373 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Grab by 14.6% during the first quarter. Asset Management One Co. Ltd. now owns 879,588 shares of the company's stock valued at $3,985,000 after acquiring an additional 111,992 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Grab by 6.0% during the first quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company's stock valued at $208,000 after acquiring an additional 2,581 shares during the period. Institutional investors own 55.52% of the company's stock.

Grab Trading Down 0.2%

Shares of GRAB traded down $0.01 during trading hours on Wednesday, hitting $4.92. 25,087,787 shares of the stock traded hands, compared to its average volume of 24,399,748. 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 1-year low of $3.27 and a 1-year high of $5.72. The firm has a market capitalization of $19.81 billion, a PE ratio of 124.75 and a beta of 0.84. The business has a fifty day moving average of $5.03 and a 200-day moving average of $4.78.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The business had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. 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.