Nissay Asset Management Corp Japan ADV Sells 89,926 Shares of Grab Holdings Limited $GRAB

Key Points

• Nissay Asset Management Corp Japan ADV has reduced its stake in Grab Holdings Limited by 8.1%, selling 89,926 shares during the 1st quarter, bringing its total holdings to over 1 million shares.
• Grab Holdings reported a revenue of $819 million in its latest earnings, which surpassed analyst estimates of $809.41 million, with earnings per share hitting the consensus estimate of $0.01.
• The company's stock is currently trading at $5.16, reflecting a 2.2% increase, with a market cap of approximately $20.78 billion.

Nissay Asset Management Corp Japan ADV decreased its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,013,985 shares of the company's stock after selling 89,926 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Grab were worth $4,593,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GRAB. Aptus Capital Advisors LLC bought a new stake in shares of Grab in the 4th quarter worth about $57,000. Balyasny Asset Management L.P. bought a new stake in shares of Grab in the 4th quarter worth about $1,228,000. Cetera Investment Advisers bought a new stake in shares of Grab in the 4th quarter worth about $321,000. Deutsche Bank AG grew its holdings in shares of Grab by 26.5% in the 4th quarter. Deutsche Bank AG now owns 5,442,536 shares of the company's stock worth $25,689,000 after purchasing an additional 1,140,415 shares during the last quarter. Finally, Ethic Inc. grew its holdings in shares of Grab by 36.0% in the 4th quarter. Ethic Inc. now owns 546,094 shares of the company's stock worth $2,578,000 after purchasing an additional 144,569 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Stock Up 2.2%

GRAB opened at $5.16 on Monday. The firm's 50-day simple moving average is $5.05 and its 200-day simple moving average is $4.77. 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 twelve month low of $3.28 and a twelve month high of $5.72. The firm has a market cap of $20.78 billion, a price-to-earnings ratio of 129.03 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share 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 business 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. Equities research analysts anticipate 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.

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