Grab Holdings Limited $GRAB Shares Sold by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets reduced its stake in Grab Holdings Limited by 39.9%, selling 11,619,223 shares, but still holds 17,525,007 shares valued at approximately $79.39 million.
• Grab has seen new investments from multiple firms, with institutional investors owning a total of 55.52% of the stock, indicating continued interest in the company despite the recent sell-off.
• As of the latest financial results, Grab reported $0.01 earnings per share and revenue of $819 million, aligning with market expectations.

BNP Paribas Financial Markets cut its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 39.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,525,007 shares of the company's stock after selling 11,619,223 shares during the period. BNP Paribas Financial Markets owned approximately 0.44% of Grab worth $79,388,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Toyota Motor Corp purchased a new position in shares of Grab during the 4th quarter worth approximately $1,052,117,000. D. E. Shaw & Co. Inc. increased its stake in shares of Grab by 176,919.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock worth $93,889,000 after purchasing an additional 19,880,432 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Grab by 111.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock worth $162,306,000 after purchasing an additional 18,882,118 shares in the last quarter. Nuveen LLC purchased a new position in shares of Grab during the 1st quarter worth approximately $85,143,000. Finally, PointState Capital LP increased its stake in shares of Grab by 234.9% during the 4th quarter. PointState Capital LP now owns 23,344,305 shares of the company's stock worth $110,185,000 after purchasing an additional 16,372,806 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Price Performance

Shares of GRAB traded down $0.06 during mid-day trading on Tuesday, reaching $4.93. 26,752,306 shares of the company's stock were exchanged, compared to its average volume of 35,740,398. 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 company has a 50-day simple moving average of $5.03 and a two-hundred day simple moving average of $4.78. Grab Holdings Limited has a 52-week low of $3.19 and a 52-week high of $5.72. The company has a market cap of $19.85 billion, a price-to-earnings ratio of 123.28 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $809.41 million. Grab has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal 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.