Credit Agricole S A Acquires 418,000 Shares of Grab Holdings Limited $GRAB

Key Points

• Credit Agricole S A increased its stake in Grab Holdings Limited by 1,014.6% after acquiring an additional 418,000 shares in the first quarter, now owning a total of 459,200 shares worth $2,080,000.
• In addition to Credit Agricole, several hedge funds also increased their positions in Grab, with institutional investors owning 55.52% of the company’s stock.
• Grab reported quarterly earnings matching analysts' expectations with revenue of $819 million, slightly exceeding forecasts of $809.41 million.

Credit Agricole S A boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1,014.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 459,200 shares of the company's stock after purchasing an additional 418,000 shares during the quarter. Credit Agricole S A's holdings in Grab were worth $2,080,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in Grab during the first quarter valued at $165,000. NewEdge Advisors LLC raised 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 valued at $375,000 after acquiring an additional 64,370 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Grab by 669.7% in the first quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock valued at $420,000 after acquiring an additional 80,602 shares during the period. SG Americas Securities LLC raised its stake in shares of Grab by 98.9% in the first quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock valued at $1,033,000 after acquiring an additional 113,373 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Grab by 1,032.5% in the 4th quarter. Wells Fargo & Company MN now owns 225,155 shares of the company's stock worth $1,063,000 after buying an additional 205,274 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Trading Up 0.7%

GRAB stock traded up $0.04 during trading on Thursday, hitting $4.99. The company had a trading volume of 12,927,433 shares, compared to its average volume of 35,761,375. The firm has a market capitalization of $20.07 billion, a P/E ratio of 124.66 and a beta of 0.84. Grab Holdings Limited has a 52-week low of $3.18 and a 52-week high of $5.72. The company has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $4.78. 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 (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 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 for the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, research analysts forecast 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.