Ethic Inc. Has $2.76 Million Stock Holdings in Grab Holdings Limited $GRAB

Key Points

• Ethic Inc. increased its stake in Grab Holdings Limited by 11%, now holding 606,078 shares worth approximately $2.76 million.
• Other hedge funds also boosted their investments, with Wells Fargo increasing its position by over 1,000% during the previous quarter.
• Grab's stock is currently priced at $5.13 and has a market capitalization of $20.66 billion, indicating significant institutional interest in the company.

Ethic Inc. boosted its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 11.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,078 shares of the company's stock after purchasing an additional 59,984 shares during the period. Ethic Inc.'s holdings in Grab were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Garde Capital Inc. bought a new position in Grab in the first quarter valued at $29,000. J2 Capital Management Inc bought a new position in Grab in the first quarter valued at $45,000. Proficio Capital Partners LLC bought a new position in Grab in the first quarter valued at $45,000. Intelligence Driven Advisers LLC acquired a new stake in Grab in the first quarter valued at $48,000. Finally, Perigon Wealth Management LLC acquired a new stake in Grab in the first quarter valued at $48,000. Institutional investors own 55.52% of the company's stock.

Grab Stock Performance

GRAB stock traded up $0.12 during trading hours on Friday, reaching $5.13. The stock had a trading volume of 24,206,111 shares, compared to its average volume of 30,935,648. The stock has a market capitalization of $20.66 billion, a PE ratio of 128.28 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 stock has a 50-day simple moving average of $4.99 and a 200 day simple moving average of $4.77. Grab Holdings Limited has a fifty-two week low of $3.17 and a fifty-two week high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The firm had revenue of $819.00 million during the quarter, compared to analysts' expectations 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. 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.