American Century Companies Inc. Has $1.72 Million Stock Position in Grab Holdings Limited $GRAB

Key Points

• American Century Companies Inc. increased its stake in Grab Holdings Limited by 55.0%, acquiring an additional 134,636 shares, bringing its total holdings to 379,397 shares valued at approximately $1.72 million.
• Grab Holdings reported a quarterly revenue of $819 million, surpassing analyst estimates of $809.41 million, and meeting the EPS consensus at $0.01.
• Institutional investors hold 55.52% of Grab's stock, indicating strong confidence from these stakeholders in the company's future.

American Century Companies Inc. increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 55.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,397 shares of the company's stock after purchasing an additional 134,636 shares during the quarter. American Century Companies Inc.'s holdings in Grab were worth $1,719,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GRAB. Toyota Motor Corp purchased a new stake in shares of Grab in the 4th quarter valued at approximately $1,052,117,000. BNP Paribas Financial Markets purchased a new stake in shares of Grab in the 4th quarter valued at approximately $137,561,000. D. E. Shaw & Co. Inc. lifted its position in shares of Grab by 176,919.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock valued at $93,889,000 after acquiring an additional 19,880,432 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Grab by 111.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock valued at $162,306,000 after buying an additional 18,882,118 shares during the period. Finally, Nuveen LLC acquired a new position in Grab in the 1st quarter valued at approximately $85,143,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Stock Down 0.2%

Grab stock traded down $0.01 during trading hours on Wednesday, hitting $4.92. The company had a trading volume of 25,087,787 shares, compared to its average volume of 24,399,748. The firm has a market capitalization of $19.81 billion, a P/E ratio of 123.03 and a beta of 0.84. 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 firm's fifty day moving average is $5.04 and its 200-day moving average is $4.78. Grab Holdings Limited has a fifty-two week low of $3.27 and a fifty-two week high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Grab has set its FY 2025 guidance at EPS. On average, research analysts forecast 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.