Grab Holdings Limited $GRAB Position Cut by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB sold 102,601 shares of Grab Holdings Limited, reducing its holdings by 7.1%, and currently owns 1,344,152 shares valued at approximately $6,089,000.
• Other institutional investors, including Ieq Capital LLC and Corebridge Financial Inc., have increased their positions in Grab, contributing to a total institutional ownership of 55.52%.
• Grab reported a revenue of $819 million for the last quarter, matching analyst estimates, and has set EPS guidance for FY 2025, with forecasts suggesting 0.05 EPS for the current fiscal year.

Lansforsakringar Fondforvaltning AB publ decreased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,344,152 shares of the company's stock after selling 102,601 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Grab were worth $6,089,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of GRAB. Toyota Motor Corp acquired a new position in shares of Grab in the fourth quarter worth about $1,052,117,000. BNP Paribas Financial Markets acquired a new position in shares of Grab in the fourth quarter worth about $137,561,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Grab by 176,919.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock worth $93,889,000 after acquiring an additional 19,880,432 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Grab by 111.4% in the first quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock worth $162,306,000 after acquiring an additional 18,882,118 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Grab in the first quarter worth about $85,143,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Up 2.9%

NASDAQ GRAB traded up $0.15 on Thursday, hitting $5.07. 22,385,479 shares of the stock traded hands, compared to its average volume of 35,585,305. The stock has a 50-day moving average of $5.04 and a 200 day moving average of $4.78. Grab Holdings Limited has a twelve month low of $3.28 and a twelve month high of $5.72. The company has a market capitalization of $20.40 billion, a P/E ratio of 126.66 and a beta of 0.84. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last announced 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 firm had revenue of $819.00 million for the quarter, compared to analysts' expectations of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal 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.