State of New Jersey Common Pension Fund D Buys 145,900 Shares of Grab Holdings Limited $GRAB

Key Points

• The State of New Jersey Common Pension Fund D increased its stake in Grab Holdings Limited by 17.0% in the first quarter, acquiring an additional 145,900 shares, bringing its total holdings to over 1 million shares valued at approximately $4.54 million.
• Grab Holdings reported earnings of $0.01 per share for the last quarter, matching consensus estimates, with revenues of $819 million outperforming expectations.
• The company's market capitalization stands at $20.34 billion, and its stock has fluctuated between a 52-week low of $3.17 and a high of $5.72.

State of New Jersey Common Pension Fund D boosted its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 17.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,002,040 shares of the company's stock after buying an additional 145,900 shares during the period. State of New Jersey Common Pension Fund D's holdings in Grab were worth $4,539,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of GRAB. Garde Capital Inc. acquired a new position in Grab in the first quarter valued at approximately $29,000. J2 Capital Management Inc acquired a new position in Grab in the first quarter valued at approximately $45,000. Proficio Capital Partners LLC acquired a new position in Grab in the first quarter valued at approximately $45,000. Intelligence Driven Advisers LLC acquired a new position in Grab in the first quarter valued at approximately $48,000. Finally, Perigon Wealth Management LLC acquired a new position in Grab in the first quarter valued at approximately $48,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Up 2.4%

NASDAQ:GRAB traded up $0.12 during trading hours on Friday, hitting $5.13. The stock had a trading volume of 24,206,111 shares, compared to its average volume of 30,935,648. Grab Holdings Limited has a one year low of $3.17 and a one year high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. The company has a market cap of $20.66 billion, a price-to-earnings ratio of 128.28 and a beta of 0.84. The business's 50 day moving average is $4.99 and its 200-day moving average is $4.77.

Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting the consensus estimate 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 the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS 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.