AQR Capital Management LLC Sells 1,843,061 Shares of Grab Holdings Limited $GRAB

Key Points

• AQR Capital Management LLC reduced its stake in Grab Holdings Limited by 12.2%, selling 1,843,061 shares during the first quarter.
• Institutional investors now collectively hold 55.52% of Grab's stock, with notable increases from firms like JPMorgan Chase & Co. and Invesco Ltd.
• Grab reported earnings of $0.01 per share and revenues of $819 million for the last quarter, meeting analyst expectations.

AQR Capital Management LLC reduced its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,316,673 shares of the company's stock after selling 1,843,061 shares during the period. AQR Capital Management LLC owned 0.33% of Grab worth $58,260,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GRAB. Aptus Capital Advisors LLC bought a new position in shares of Grab in the 4th quarter valued at approximately $57,000. Balyasny Asset Management L.P. bought a new position in Grab in the 4th quarter worth $1,228,000. Cetera Investment Advisers acquired a new position in Grab during the 4th quarter worth $321,000. Deutsche Bank AG boosted its stake in Grab by 26.5% during the 4th quarter. Deutsche Bank AG now owns 5,442,536 shares of the company's stock valued at $25,689,000 after purchasing an additional 1,140,415 shares during the period. Finally, Ethic Inc. grew its holdings in Grab by 36.0% in the 4th quarter. Ethic Inc. now owns 546,094 shares of the company's stock valued at $2,578,000 after buying an additional 144,569 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Stock Performance

NASDAQ GRAB traded up $0.47 during trading on Friday, hitting $6.00. The company's stock had a trading volume of 110,036,332 shares, 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 firm has a market cap of $24.16 billion, a P/E ratio of 150.04 and a beta of 0.84. The firm has a 50 day moving average price of $5.10 and a 200 day moving average price of $4.80. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data 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 business 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. Equities research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share 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.