Vanguard Group Inc. Increases Holdings in Grab Holdings Limited $GRAB

Key Points

• Vanguard Group Inc. increased its holdings in Grab Holdings Limited by 7.7%, acquiring an additional 583,864 shares, and now owns about 0.20% of the company, valued at approximately $37 million.
• Multiple hedge funds have recently started positions in Grab, contributing to the overall institutional ownership rising to 55.52% of the company's stock.
• Grab reported earnings of $0.01 per share, meeting analysts' expectations, and had a revenue of $819 million for the quarter, surpassing the consensus estimate.

Vanguard Group Inc. grew its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 7.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,181,456 shares of the company's stock after acquiring an additional 583,864 shares during the period. Vanguard Group Inc. owned about 0.20% of Grab worth $37,062,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Garde Capital Inc. purchased a new position in shares of Grab during the 1st quarter worth approximately $29,000. J2 Capital Management Inc purchased a new position in shares of Grab during the 1st quarter worth approximately $45,000. Proficio Capital Partners LLC purchased a new position in shares of Grab during the 1st quarter worth approximately $45,000. Intelligence Driven Advisers LLC purchased a new position in shares of Grab during the 1st quarter worth approximately $48,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of Grab during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Stock Down 0.2%

GRAB stock opened at $5.00 on Wednesday. Grab Holdings Limited has a fifty-two week low of $3.17 and a fifty-two week high of $5.72. The business's 50 day moving average price is $5.00 and its two-hundred day moving average price is $4.77. 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 capitalization of $20.14 billion, a price-to-earnings ratio of 125.03 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share 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 for the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal 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.

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