Jump Financial LLC Sells 985,551 Shares of Grab Holdings Limited $GRAB

Key Points

• Jump Financial LLC reduced its stake in Grab Holdings Limited by 65.9%, selling 985,551 shares and leaving it with 511,098 shares worth approximately $2.3 million.
• Other investors, including Garde Capital Inc. and Summit Securities Group LLC, also modified their holdings within the same quarter, showcasing increased interest in Grab.
• Grab reported $819 million in revenue for the last quarter, surpassing expectations and maintaining an earnings per share (EPS) of $0.01.

Jump Financial LLC cut its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 65.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 511,098 shares of the company's stock after selling 985,551 shares during the quarter. Jump Financial LLC's holdings in Grab were worth $2,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Garde Capital Inc. bought a new stake in shares of Grab in the first quarter valued at approximately $29,000. Summit Securities Group LLC grew its stake in Grab by 63.6% in the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock valued at $37,000 after buying an additional 3,199 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Grab during the 1st quarter valued at $45,000. J2 Capital Management Inc purchased a new stake in shares of Grab during the first quarter worth $45,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Grab in the first quarter worth $48,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Price Performance

Shares of NASDAQ GRAB opened at $5.00 on Wednesday. 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 fifty-two week low of $3.17 and a fifty-two week high of $5.72. The stock has a market cap of $20.14 billion, a PE ratio of 125.03 and a beta of 0.84. The stock has a fifty day moving average of $5.00 and a 200-day moving average of $4.77.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations 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. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

About Grab

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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