Grab Holdings Limited $GRAB Shares Acquired by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Grab Holdings by 15.4%, holding a total of 1,686,789 shares valued at approximately $7.64 million.
• Other institutional investors also acquired shares of Grab, with a combined total of 55.52% of the stock owned by institutional investors and hedge funds.
• Grab reported $819 million in revenue for the last quarter, meeting analyst projections, and anticipates an annual EPS of 0.05 for the current fiscal year.

Charles Schwab Investment Management Inc. raised its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 15.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,686,789 shares of the company's stock after acquiring an additional 225,660 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Grab were worth $7,641,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Garde Capital Inc. acquired a new stake in shares of Grab during the first quarter valued at about $29,000. J2 Capital Management Inc acquired a new stake in shares of Grab during the first quarter valued at about $45,000. Proficio Capital Partners LLC acquired a new stake in shares of Grab during the first quarter valued at about $45,000. Intelligence Driven Advisers LLC acquired a new stake in shares of Grab during the first quarter valued at about $48,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of Grab in the first quarter valued at approximately $48,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Down 0.2%

NASDAQ GRAB opened at $5.00 on Wednesday. The firm has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $4.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. Grab Holdings Limited has a one year low of $3.17 and a one year high of $5.72. The firm has a market cap of $20.14 billion, a price-to-earnings ratio of 125.03 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.01 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 during the quarter, compared to analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. Equities research analysts anticipate 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.

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