Driehaus Capital Management LLC Sells 1,020,358 Shares of Grab Holdings Limited $GRAB

Key Points

• Driehaus Capital Management LLC reduced its stake in Grab Holdings Limited by 8.8%, owning 10,514,256 shares valued at approximately $47.63 million following the sale of 1,020,358 shares.
• Grab reported a revenue of $819 million for the last quarter, slightly exceeding analysts' expectations, with earnings per share (EPS) at $0.01.
• Grab's stock opened at $4.97, with a market capitalization of around $20.01 billion and a PE ratio of 124.28.

Driehaus Capital Management LLC lessened its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,514,256 shares of the company's stock after selling 1,020,358 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.26% of Grab worth $47,630,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GRAB. Garde Capital Inc. purchased a new stake in shares of Grab during the first quarter valued at approximately $29,000. Summit Securities Group LLC increased its position in shares of Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock valued at $37,000 after acquiring an additional 3,199 shares during the last quarter. J2 Capital Management Inc purchased a new stake in shares of Grab during the first quarter valued at approximately $45,000. Proficio Capital Partners LLC purchased a new stake in shares of Grab during the first quarter valued at approximately $45,000. Finally, Intelligence Driven Advisers LLC purchased a new stake in shares of Grab during the first quarter valued at approximately $48,000. Institutional investors own 55.52% of the company's stock.

Grab Stock Performance

Shares of GRAB traded down $0.06 on Tuesday, reaching $4.93. 26,690,494 shares of the company's stock traded hands, compared to its average volume of 35,740,031. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The stock's 50 day simple moving average is $5.03 and its two-hundred day simple moving average is $4.78. Grab Holdings Limited has a 52-week low of $3.19 and a 52-week high of $5.72. The stock has a market cap of $19.85 billion, a PE ratio of 123.28 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Grab has set its FY 2025 guidance at EPS. On average, 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.