Aberdeen Group plc Sells 484,219 Shares of Grab Holdings Limited $GRAB

Key Points

• Aberdeen Group plc has reduced its stake in Grab Holdings Limited by 52.1%, selling 484,219 shares and holding 444,334 shares worth approximately $2.01 million.
• Grab recently reported earnings of $0.01 EPS for the quarter, meeting analyst expectations, with revenues of $819 million, slightly above predictions.
• The stock of Grab Holdings (NASDAQ: GRAB) opened at $5.01 and has a market capitalization of $20.18 billion, with a one-year price range from $3.17 to $5.72.

Aberdeen Group plc lessened its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 52.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,334 shares of the company's stock after selling 484,219 shares during the quarter. Aberdeen Group plc's holdings in Grab were worth $2,013,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in Grab in the first quarter valued at approximately $165,000. NewEdge Advisors LLC raised its holdings in Grab by 426.9% during the fourth quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock worth $375,000 after purchasing an additional 64,370 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Grab by 669.7% in the first quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock valued at $420,000 after buying an additional 80,602 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Grab by 98.9% in the first quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock valued at $1,033,000 after buying an additional 113,373 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Grab by 1,032.5% in the fourth quarter. Wells Fargo & Company MN now owns 225,155 shares of the company's stock valued at $1,063,000 after buying an additional 205,274 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Up 2.4%

NASDAQ:GRAB traded up $0.12 during trading hours on Friday, hitting $5.13. 24,206,111 shares of the stock traded hands, compared to its average volume of 30,878,490. The firm has a 50 day moving average price of $4.99 and a 200 day moving average price of $4.77. 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 fifty-two week low of $3.17 and a fifty-two week high of $5.72. The firm has a market cap of $20.66 billion, a price-to-earnings ratio of 128.25 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.01 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 during the quarter, compared to analysts' expectations of $809.41 million. Grab has set its FY 2025 guidance at EPS. Equities research analysts anticipate 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.