Russell Investments Group Ltd. raised its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 49.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,098,967 shares of the company's stock after purchasing an additional 6,004,305 shares during the quarter. Russell Investments Group Ltd. owned 0.45% of Grab worth $81,994,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Uber Technologies Inc bought a new stake in Grab during the 4th quarter valued at about $2,529,462,000. Toyota Motor Corp bought a new stake in shares of Grab in the fourth quarter worth approximately $1,052,117,000. Invesco Ltd. grew its stake in shares of 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 during the period. Baillie Gifford & Co. grew its stake in shares of Grab by 7.3% in the first quarter. Baillie Gifford & Co. now owns 50,443,998 shares of the company's stock worth $228,511,000 after acquiring an additional 3,422,289 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Grab by 19.0% in the first quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company's stock worth $226,625,000 after acquiring an additional 7,998,293 shares during the period. 55.52% of the stock is currently owned by institutional investors.
Grab Stock Performance
Shares of GRAB stock remained flat at $5.13 during trading hours on Friday. 17,761,256 shares of the stock were exchanged, compared to its average volume of 36,697,020. The business has a 50 day moving average of $4.95 and a two-hundred day moving average of $4.76. Grab Holdings Limited has a 52-week low of $3.12 and a 52-week high of $5.72. The firm has a market capitalization of $20.66 billion, a price-to-earnings ratio of 128.28 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.
Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The firm had revenue of $819.00 million during the quarter, compared to analyst estimates of $809.41 million. Equities research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.
About Grab
(
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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