545,807 Shares in Grab Holdings Limited $GRAB Purchased by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC acquired 545,807 shares of Grab Holdings Limited for approximately $2.47 million during the 1st quarter of this year.
• In addition to OLD Mission Capital, other institutional investors, including Toyota Motor Corp and JPMorgan Chase & Co., have significantly increased their stakes in Grab.
• Grab's stock currently trades at $4.99, showing a market capitalization of over $20 billion and a one-year trading range of $3.18 to $5.72.

OLD Mission Capital LLC bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 545,807 shares of the company's stock, valued at approximately $2,473,000.

Other hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new position in Grab during the first quarter worth $29,000. Summit Securities Group LLC increased its position in Grab by 63.6% during 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 during the last quarter. J2 Capital Management Inc acquired a new position in Grab during the first quarter worth $45,000. Proficio Capital Partners LLC acquired a new position in Grab during the first quarter worth $45,000. Finally, Intelligence Driven Advisers LLC acquired a new position in Grab during the first quarter worth $48,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of Grab stock traded down $0.01 during trading on Wednesday, reaching $4.92. The company's stock had a trading volume of 25,027,414 shares, compared to its average volume of 35,649,207. The business's fifty day moving average price is $5.03 and its 200-day moving average price is $4.78. Grab Holdings Limited has a one year low of $3.27 and a one year high of $5.72. The firm has a market cap of $19.81 billion, a price-to-earnings ratio of 123.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88.

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 the consensus estimate of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The company had revenue of $819.00 million for the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current 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.