Altimeter Capital Management LP Acquires Shares of 3,502,000 Grab Holdings Limited $GRAB

Key Points

• Altimeter Capital Management LP has acquired 3,502,000 shares of Grab Holdings Limited, valued at approximately $1.42 million, making Grab its 22nd largest position.
• Other institutional investors have also increased their stakes in Grab, contributing to a total ownership of 55.52% of the company by hedge funds and institutions.
• Grab reported earnings of $0.01 per share, meeting analyst expectations, with quarterly revenue reaching $819 million, surpassing estimates of $809.41 million.

Altimeter Capital Management LP acquired a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,502,000 shares of the company's stock, valued at approximately $1,422,000. Grab makes up about 0.0% of Altimeter Capital Management LP's investment portfolio, making the stock its 22nd biggest position. Altimeter Capital Management LP owned 0.09% of Grab as of its most recent SEC filing.

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

Grab Stock Performance

NASDAQ GRAB traded up $0.11 on Friday, hitting $5.16. 34,959,705 shares of the stock were exchanged, compared to its average volume of 23,611,098. 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 business's fifty day moving average is $5.05 and its 200 day moving average is $4.77. Grab Holdings Limited has a 52 week low of $3.28 and a 52 week high of $5.72. The company has a market capitalization of $20.78 billion, a PE ratio of 129.03 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The firm 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. Research analysts anticipate that Grab Holdings Limited will post 0.05 EPS 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.