Royal Bank of Canada raised its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 34.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,206,698 shares of the company's stock after acquiring an additional 1,862,433 shares during the period. Royal Bank of Canada owned approximately 0.18% of Grab worth $32,646,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new position in Grab in the 1st quarter valued at $165,000. Janney Montgomery Scott LLC raised its holdings in Grab by 669.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock valued at $420,000 after acquiring an additional 80,602 shares in the last quarter. SG Americas Securities LLC raised its holdings in Grab by 98.9% in the 1st quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock valued at $1,033,000 after acquiring an additional 113,373 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in Grab by 14.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 879,588 shares of the company's stock valued at $3,985,000 after acquiring an additional 111,992 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Grab by 6.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company's stock valued at $208,000 after acquiring an additional 2,581 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.
Grab Price Performance
NASDAQ GRAB traded up $0.47 during midday trading on Friday, hitting $6.00. The company had a trading volume of 110,036,332 shares, compared to its average volume of 29,434,550. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.03. The firm has a 50-day moving average price of $5.10 and a 200-day moving average price of $4.80. 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 company has a market capitalization of $24.16 billion, a PE ratio of 150.04 and a beta of 0.84.
Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results 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 company 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. As a group, analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.
Grab Company Profile
(
Free Report)
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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