SCS Capital Management LLC Invests $1.20 Million 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 bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 264,214 shares of the company's stock, valued at approximately $1,197,000.

A number of other large investors have also recently modified their holdings of GRAB. Toyota Motor Corp bought a new position in Grab in the 4th quarter valued at approximately $1,052,117,000. Assenagon Asset Management S.A. grew its stake in shares of Grab by 111.4% during the first quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock worth $162,306,000 after buying an additional 18,882,118 shares during the last quarter. Nuveen LLC acquired a new position in shares of Grab during the first quarter worth $85,143,000. PointState Capital LP increased its holdings in shares of Grab by 234.9% during the fourth quarter. PointState Capital LP now owns 23,344,305 shares of the company's stock worth $110,185,000 after buying an additional 16,372,806 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Grab by 1,780.1% in the 4th quarter. Two Sigma Investments LP now owns 14,841,645 shares of the company's stock valued at $70,053,000 after acquiring an additional 14,052,245 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Price Performance

GRAB stock traded up $0.47 during midday trading on Friday, reaching $6.00. 110,036,332 shares of the stock were exchanged, compared to its average volume of 29,434,550. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.03. The company has a fifty day moving average price of $5.10 and a 200 day moving average price of $4.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. The stock has a market capitalization of $24.16 billion, a PE ratio of 150.04 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The company 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. As a group, analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.