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

Key Points

• Axiom Investors LLC DE has reduced its stake in Grab Holdings Limited by 38.6%, now owning approximately 2.7 million shares valued at $12.4 million.
• Several other institutional investors have recently increased their holdings in Grab, with over 55.52% of the stock currently owned by hedge funds and other institutions.
• Grab's latest quarterly earnings matched the consensus estimate, reporting $819 million in revenue and setting an EPS guidance of 0.05 for the current year.

Axiom Investors LLC DE decreased its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 38.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,732,040 shares of the company's stock after selling 1,717,660 shares during the period. Axiom Investors LLC DE owned 0.07% of Grab worth $12,376,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Garde Capital Inc. purchased a new stake in Grab in the first quarter valued at approximately $29,000. Summit Securities Group LLC grew its stake 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 buying an additional 3,199 shares during the period. Proficio Capital Partners LLC purchased a new stake in Grab during the first quarter worth approximately $45,000. J2 Capital Management Inc purchased a new stake in Grab during the first quarter worth approximately $45,000. Finally, Perigon Wealth Management LLC purchased a new stake in Grab during the first quarter worth approximately $48,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Price Performance

GRAB opened at $5.16 on Monday. 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 Holdings Limited has a 52-week low of $3.28 and a 52-week high of $5.72. The company has a 50 day moving average of $5.05 and a two-hundred day moving average of $4.77. The company has a market cap of $20.78 billion, a P/E ratio of 129.03 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last released 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 company had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. On average, analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current 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.

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