Aubrey Capital Management Ltd Sells 153,142 Shares of Grab Holdings Limited $GRAB

Key Points

• Aubrey Capital Management Ltd reduced its holdings in Grab Holdings Limited by 3.8%, selling 153,142 shares during the 2nd quarter, and now owns approximately 3,883,258 shares worth $19.5 million.
• Grab Holdings reported $819 million in revenue for the latest quarter, slightly above the consensus estimate, and maintained a return on equity of 1.75%.
• The current market capitalization of Grab Holdings stands at $22.99 billion, with a price-to-earnings ratio of 142.79 and stock trading around $5.71.

Aubrey Capital Management Ltd reduced its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 3.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,883,258 shares of the company's stock after selling 153,142 shares during the quarter. Grab comprises 7.0% of Aubrey Capital Management Ltd's portfolio, making the stock its 3rd biggest holding. Aubrey Capital Management Ltd owned approximately 0.10% of Grab worth $19,535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew 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 buying an additional 80,602 shares in the last quarter. Sowell Financial Services LLC bought a new position in Grab during the first quarter valued at about $53,000. Clarius Group LLC bought a new position in Grab during the first quarter valued at about $52,000. Retirement Systems of Alabama bought a new position in Grab during the first quarter valued at about $3,433,000. Finally, Deltec Asset Management LLC increased its stake in Grab by 31.3% during the first quarter. Deltec Asset Management LLC now owns 105,000 shares of the company's stock valued at $476,000 after acquiring an additional 25,000 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Down 3.5%

NASDAQ GRAB opened at $5.71 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The stock's 50 day moving average is $5.60 and its two-hundred day moving average is $5.06. The company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 142.79 and a beta of 0.88. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62.

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 analysts' consensus estimates 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. Equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

GRAB has been the topic of several research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research note on Wednesday, October 8th. HSBC restated a "hold" rating and set a $6.20 price target on shares of Grab in a research note on Wednesday, September 17th. Finally, Hsbc Global Res lowered Grab from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.90.

Grab Company 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.

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