Northern Trust Corp Has $59.55 Million Stock Position in Grab Holdings Limited $GRAB

Key Points

• Northern Trust Corp increased its stake in Grab Holdings Limited by 14.5%, owning approximately $59.55 million worth of shares after acquiring additional stock during the first quarter.
• Grab Holdings' market capitalization is estimated at $20.14 billion, with a current stock price opening at $5.00 and a 12-month trading range between $3.17 and $5.72.
• The company reported earnings of $0.01 EPS for the last quarter, meeting analysts' expectations, and has set a FY 2025 guidance of $0.05 EPS.

Northern Trust Corp raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 14.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,145,415 shares of the company's stock after buying an additional 1,665,962 shares during the quarter. Northern Trust Corp owned 0.33% of Grab worth $59,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRAB. Uber Technologies Inc acquired a new stake in Grab in the 4th quarter valued at approximately $2,529,462,000. Toyota Motor Corp acquired a new stake in Grab in the 4th quarter valued at approximately $1,052,117,000. BNP Paribas Financial Markets acquired a new stake in Grab in the 4th quarter valued at approximately $137,561,000. D. E. Shaw & Co. Inc. lifted its position in shares of Grab by 176,919.4% in the 4th 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 during the period. Finally, Assenagon Asset Management S.A. lifted its position 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 worth $162,306,000 after acquiring an additional 18,882,118 shares during the period. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Price Performance

Shares of GRAB stock opened at $5.00 on Wednesday. The stock has a 50 day moving average of $5.00 and a two-hundred day moving average of $4.77. 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 Holdings Limited has a 12 month low of $3.17 and a 12 month high of $5.72. The company has a market capitalization of $20.14 billion, a P/E ratio of 125.03 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The company had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Grab Holdings Limited will post 0.05 EPS 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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