Amundi Purchases 1,693,598 Shares of Grab Holdings Limited $GRAB

Key Points

• Amundi increased its stake in Grab Holdings Limited by 102.3% in Q1, owning approximately 3.35 million shares valued at $14.27 million.
• Grab's stock rose by 1.9% and is trading at $5.29, with a market cap of $21.30 billion and a projected EPS of 0.05 for the current year.
• The company reported revenue of $819 million in its last earnings call, exceeding consensus estimates, with earnings per share matching expectations at $0.01.

Amundi raised its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 102.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,349,450 shares of the company's stock after buying an additional 1,693,598 shares during the quarter. Amundi owned about 0.08% of Grab worth $14,269,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Toyota Motor Corp bought a new stake in shares of Grab in the 4th quarter valued at approximately $1,052,117,000. Assenagon Asset Management S.A. lifted its stake in shares of Grab by 111.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock valued at $162,306,000 after purchasing an additional 18,882,118 shares during the last quarter. Nuveen LLC bought a new stake in shares of Grab in the 1st quarter valued at approximately $85,143,000. PointState Capital LP lifted its stake in shares of Grab by 234.9% in the 4th quarter. PointState Capital LP now owns 23,344,305 shares of the company's stock valued at $110,185,000 after purchasing an additional 16,372,806 shares during the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Grab by 1,780.1% in the 4th quarter. Two Sigma Investments LP now owns 14,841,645 shares of the company's stock valued at $70,053,000 after purchasing an additional 14,052,245 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Trading Up 8.5%

Shares of NASDAQ:GRAB traded up $0.47 during trading on Friday, hitting $6.00. The company had a trading volume of 110,036,332 shares, compared to its average volume of 29,434,550. The stock has a market cap of $24.16 billion, a price-to-earnings ratio of 150.04 and a beta of 0.84. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.03. The company has a fifty day simple moving average of $5.10 and a two-hundred day simple moving average of $4.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data 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 return on equity of 1.75% and a net margin of 3.65%.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. As a group, equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current 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.