Grab Holdings Limited $GRAB Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP decreased its stake in Grab Holdings Limited by 26.9%, holding 1,100,589 shares valued at approximately $4,986,000 after selling 404,900 shares in the first quarter.
• Grab reported quarterly earnings of $0.01 per share, matching analysts' estimates, with a revenue of $819 million exceeding expectations.
• As of the latest data, Grab stock opened at $5.13 and has a market capitalization of $20.66 billion, reflecting its growth potential in the evolving market of superapps across Southeast Asia.

Korea Investment CORP cut its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 26.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,100,589 shares of the company's stock after selling 404,900 shares during the period. Korea Investment CORP's holdings in Grab were worth $4,986,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Garde Capital Inc. acquired a new stake in shares of Grab during the first quarter worth $29,000. Summit Securities Group LLC lifted its holdings 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 worth $37,000 after purchasing an additional 3,199 shares during the period. J2 Capital Management Inc acquired a new stake in shares of Grab during the first quarter worth $45,000. Proficio Capital Partners LLC acquired a new stake in shares of Grab during the first quarter worth $45,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in shares of Grab during the first quarter worth $48,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of NASDAQ GRAB traded down $0.06 during mid-day trading on Wednesday, hitting $4.95. 13,287,758 shares of the company were exchanged, compared to its average volume of 35,874,164. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $5.00 and a 200-day simple moving average of $4.77. Grab Holdings Limited has a 1-year low of $3.17 and a 1-year high of $5.72. The firm has a market cap of $19.91 billion, a price-to-earnings ratio of 123.66 and a beta of 0.84.

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