Resona Asset Management Co. Ltd. Acquires 135,022 Shares of Grab Holdings Limited $GRAB

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Grab Holdings by 22.7%, owning 728,811 shares valued at approximately $3.3 million following additional purchases during the first quarter.
• Major institutional investors, including Uber Technologies and Toyota Motor Corp., have also made significant investments in Grab Holdings, indicating strong interest from hedge funds, which collectively own 55.52% of the stock.
• Grab Holdings reported earnings that met analyst expectations with a revenue of $819 million for the quarter, showcasing a net margin of 3.65% and a promising outlook for earnings growth this year.

Resona Asset Management Co. Ltd. grew its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 728,811 shares of the company's stock after purchasing an additional 135,022 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Grab were worth $3,305,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in Grab in the 1st quarter valued at approximately $1,006,000. Public Sector Pension Investment Board grew its stake in shares of Grab by 17.7% in the 1st quarter. Public Sector Pension Investment Board now owns 1,248,205 shares of the company's stock valued at $5,654,000 after buying an additional 187,900 shares in the last quarter. Nuveen LLC bought a new stake in shares of Grab in the 1st quarter valued at approximately $85,143,000. Coronation Fund Managers Ltd. grew its position in Grab by 12.1% in the first quarter. Coronation Fund Managers Ltd. now owns 32,063,601 shares of the company's stock worth $145,248,000 after acquiring an additional 3,472,193 shares in the last quarter. Finally, Invesco Ltd. grew its position in Grab by 13.6% in the first quarter. Invesco Ltd. now owns 57,114,603 shares of the company's stock worth $258,729,000 after acquiring an additional 6,820,675 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Stock Performance

Grab stock traded down $0.0150 during trading hours on Thursday, reaching $5.0150. 9,193,219 shares of the company were exchanged, compared to its average volume of 36,144,066. The firm has a market cap of $20.20 billion, a price-to-earnings ratio of 125.41 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. The stock has a 50-day moving average of $4.97 and a 200 day moving average of $4.77. Grab Holdings Limited has a 12 month low of $3.17 and a 12 month high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (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 firm had revenue of $819.00 million during the quarter, compared to analysts' expectations of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share 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.