BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 1,151,447 Shares of Grab Holdings Limited $GRAB

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp has reduced its stake in Grab Holdings Limited by 39.7% during the 1st quarter, now owning shares valued at $7.92 million.
• Several institutional investors increased their stakes in Grab, with Credit Agricole S A significantly lifting its position by 1,014.6% in the same period.
• Grab recently reported a revenue of $819 million during the last quarter and met analysts' EPS expectations at $0.01.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 39.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,748,237 shares of the company's stock after selling 1,151,447 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Grab were worth $7,920,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GRAB. Wells Fargo & Company MN increased its stake in shares of Grab by 1,032.5% in the fourth quarter. Wells Fargo & Company MN now owns 225,155 shares of the company's stock worth $1,063,000 after purchasing an additional 205,274 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Grab by 251.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 302,400 shares of the company's stock worth $1,427,000 after purchasing an additional 216,239 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Grab in the fourth quarter worth about $1,165,000. Mariner LLC increased its stake in shares of Grab by 46.0% in the fourth quarter. Mariner LLC now owns 218,509 shares of the company's stock worth $1,031,000 after purchasing an additional 68,836 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Grab by 426.9% in the fourth quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock worth $375,000 after purchasing an additional 64,370 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Performance

Shares of GRAB traded up $0.02 during trading hours on Thursday, hitting $4.97. The company's stock had a trading volume of 17,820,158 shares, compared to its average volume of 35,792,648. The company has a market cap of $20.01 billion, a price-to-earnings ratio of 124.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87. The business has a 50 day simple moving average of $5.00 and a two-hundred day simple moving average of $4.78. Grab Holdings Limited has a 52-week low of $3.18 and a 52-week 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, hitting the consensus estimate of $0.01. The firm had revenue of $819.00 million during the quarter, compared to the consensus estimate 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. On average, equities 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.