Axiom Investors LLC DE Trims Holdings in Grab Holdings Limited $GRAB

Key Points

• Axiom Investors LLC DE has reduced its position in Grab Holdings Limited by 38.6%, selling over 1.7 million shares, which leaves them with approximately 2.7 million shares valued at around $12.4 million.
• Several other institutional investors, including APG Asset Management and Smartleaf Asset Management, increased their stakes in Grab during the first quarter, indicating ongoing interest in the company.
• Grab's stock is currently valued at $5.13, with recent earnings showing a net margin of 3.65% and revenue of $819 million, slightly above estimates.

Axiom Investors LLC DE cut its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 38.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,732,040 shares of the company's stock after selling 1,717,660 shares during the quarter. Axiom Investors LLC DE owned about 0.07% of Grab worth $12,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Garde Capital Inc. acquired a new position in Grab during the first quarter worth about $29,000. Summit Securities Group LLC boosted its position in Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock worth $37,000 after acquiring an additional 3,199 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Grab during the first quarter worth about $45,000. J2 Capital Management Inc acquired a new position in Grab in the 1st quarter valued at about $45,000. Finally, Perigon Wealth Management LLC acquired a new position in Grab in the 1st quarter valued at about $48,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Down 1.0%

NASDAQ:GRAB traded down $0.05 on Wednesday, hitting $4.95. The stock had a trading volume of 17,597,066 shares, compared to its average volume of 35,902,660. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 123.78 and a beta of 0.84. The company has a fifty day moving average price of $5.00 and a two-hundred day moving average price of $4.77. Grab Holdings Limited has a 1-year low of $3.17 and a 1-year high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company 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. Equities research analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

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.