Chescapmanager LLC Sells 1,165,073 Shares of Grab Holdings Limited $GRAB

Key Points

• Chescapmanager LLC significantly reduced its stake in Grab Holdings Limited by selling 1,165,073 shares, resulting in an 86.2% decrease in holdings to 186,100 shares.
• About 55.52% of Grab's stock is currently owned by institutional investors, with several funds either increasing their stakes or entering new positions.
• Grab reported a revenue of $819 million for its last quarter, meeting analysts' expectations with earnings of $0.01 per share.

Chescapmanager LLC trimmed its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 86.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 186,100 shares of the company's stock after selling 1,165,073 shares during the quarter. Grab makes up approximately 0.1% of Chescapmanager LLC's holdings, making the stock its 22nd biggest position. Chescapmanager LLC's holdings in Grab were worth $843,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GRAB. Tower Research Capital LLC TRC boosted its stake in Grab by 174.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 29,484 shares of the company's stock worth $139,000 after purchasing an additional 18,723 shares during the period. Integrated Wealth Concepts LLC bought a new position in Grab in the 4th quarter worth approximately $55,000. Northern Trust Corp boosted its stake in Grab by 44.8% in the 4th quarter. Northern Trust Corp now owns 11,479,453 shares of the company's stock worth $54,183,000 after purchasing an additional 3,551,298 shares during the period. Ancora Advisors LLC bought a new position in Grab in the 4th quarter worth approximately $151,000. Finally, Aptus Capital Advisors LLC bought a new position in Grab in the 4th quarter worth approximately $57,000. 55.52% of the stock is currently owned by institutional investors.

Grab Trading Down 0.2%

GRAB stock opened at $4.92 on Thursday. Grab Holdings Limited has a 1-year low of $3.27 and a 1-year high of $5.72. 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 company has a market capitalization of $19.81 billion, a price-to-earnings ratio of 123.03 and a beta of 0.84. The business has a 50 day simple moving average of $5.04 and a two-hundred day simple moving average of $4.78.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The business 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. Research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

About Grab

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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