Edmond DE Rothschild Holding S.A. Boosts Stake in Grab Holdings Limited $GRAB

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Grab Holdings Limited by 67.8%, owning 7,097,160 shares valued at approximately $32.15 million.
• Grab Holdings reported a quarterly revenue of $819 million, exceeding analysts' expectations, and maintained an EPS of $0.01, in line with consensus estimates.
• The stock has a 1-year trading range between $3.27 and $5.72, with the latest trading price at $4.92, reflecting its market cap of $19.81 billion.

Edmond DE Rothschild Holding S.A. raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 67.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,097,160 shares of the company's stock after purchasing an additional 2,868,660 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.18% of Grab worth $32,150,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GRAB. Garde Capital Inc. acquired a new stake in Grab in the first quarter valued at approximately $29,000. Summit Securities Group LLC grew its position in shares of Grab by 63.6% in the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock valued at $37,000 after purchasing an additional 3,199 shares during the period. J2 Capital Management Inc acquired a new stake in shares of Grab in the first quarter valued at about $45,000. Proficio Capital Partners LLC acquired a new stake in shares of Grab in the first quarter valued at about $45,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in shares of Grab in the first quarter valued at about $48,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Price Performance

Shares of NASDAQ GRAB traded up $0.11 during trading on Friday, hitting $5.16. The company had a trading volume of 34,959,705 shares, compared to its average volume of 23,611,098. The stock has a fifty day simple moving average of $5.05 and a two-hundred day simple moving average of $4.77. Grab Holdings Limited has a fifty-two week low of $3.28 and a fifty-two week high of $5.72. The firm has a market capitalization of $20.78 billion, a price-to-earnings ratio of 129.03 and a beta of 0.84. 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 announced its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. On average, research 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.