SCS Capital Management LLC Takes Position in Grab Holdings Limited $GRAB

Key Points

• SCS Capital Management LLC has acquired 264,214 shares of Grab Holdings Limited, valued at approximately $1,197,000.
• Several other institutional investors, including Sequoia Financial Advisors and Summit Securities Group, have also increased their holdings in Grab during the first quarter of 2023.
• Grab reported a net margin of 3.65% and set its FY 2025 guidance at earnings per share of $0.05, meeting analysts' consensus estimates for the previous quarter.

SCS Capital Management LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 264,214 shares of the company's stock, valued at approximately $1,197,000.

Several other institutional investors and hedge funds have also made changes to their positions in GRAB. Amundi grew its stake in Grab by 102.3% during the 1st quarter. Amundi now owns 3,349,450 shares of the company's stock worth $14,269,000 after buying an additional 1,693,598 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Grab by 18.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,261,794 shares of the company's stock worth $78,196,000 after buying an additional 2,679,277 shares during the last quarter. Royal Bank of Canada grew its stake in Grab by 34.8% during the 1st quarter. Royal Bank of Canada now owns 7,206,698 shares of the company's stock worth $32,646,000 after buying an additional 1,862,433 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Grab during the 1st quarter worth approximately $165,000. Finally, Janney Montgomery Scott LLC grew its stake in Grab by 669.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock worth $420,000 after buying an additional 80,602 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

NASDAQ:GRAB traded down $0.15 during mid-day trading on Tuesday, reaching $6.00. 36,949,814 shares of the stock were exchanged, compared to its average volume of 36,870,379. The company has a 50 day simple moving average of $5.13 and a 200-day simple moving average of $4.81. The stock has a market capitalization of $24.14 billion, a P/E ratio of 149.66 and a beta of 0.84. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.16.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $819.00 million during 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. Analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

About Grab

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.