Public Sector Pension Investment Board Has $5.65 Million Stock Position in Grab Holdings Limited $GRAB

Key Points

• The Public Sector Pension Investment Board increased its stake in Grab Holdings Limited by 17.7%, now holding 1,248,205 shares valued at approximately $5.7 million.
• Other institutional investors also significantly boosted their positions in Grab during the first quarter, with notable increases from JPMorgan Chase & Co. (up 19%) and Invesco Ltd. (up 13.6%).
• Grab reported a net margin of 3.65% and earnings of $0.01 per share for the last quarter, aligning with analyst expectations while revenue exceeded forecasts at $819 million.

Public Sector Pension Investment Board increased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 17.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,248,205 shares of the company's stock after buying an additional 187,900 shares during the period. Public Sector Pension Investment Board's holdings in Grab were worth $5,654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Uber Technologies Inc bought a new position in Grab in the fourth quarter valued at approximately $2,529,462,000. Toyota Motor Corp bought a new stake in shares of Grab during the fourth quarter worth $1,052,117,000. Invesco Ltd. grew its stake in shares of Grab by 13.6% during the first quarter. Invesco Ltd. now owns 57,114,603 shares of the company's stock worth $258,729,000 after buying an additional 6,820,675 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of Grab by 7.3% during the first quarter. Baillie Gifford & Co. now owns 50,443,998 shares of the company's stock worth $228,511,000 after buying an additional 3,422,289 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Grab by 19.0% during the first quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company's stock worth $226,625,000 after buying an additional 7,998,293 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

Shares of NASDAQ GRAB traded down $0.0150 during midday trading on Thursday, reaching $5.0150. 8,892,641 shares of the company were exchanged, compared to its average volume of 36,142,398. The stock's 50-day moving average price is $4.97 and its 200-day moving average price is $4.77. The stock has a market cap of $20.20 billion, a P/E ratio of 125.41 and a beta of 0.84. Grab Holdings Limited has a one year low of $3.17 and a one year high of $5.72. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The company had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Grab has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Grab Company 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.