Virtu Financial LLC Sells 210,630 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Virtu Financial LLC significantly reduced its stake in Grab Holdings Limited, cutting its holdings by 61.1% to 134,377 shares valued at $609,000 at the end of the quarter.
• Major institutional investors, including Uber Technologies Inc and Toyota Motor Corp, have made substantial new investments in Grab, boosting its institutional ownership to 55.52%.
• Grab's stock performance shows a market cap of $20.62 billion, with a recent price of $5.12 and a consensus rating of "Moderate Buy" with an average price target of $5.82.

Virtu Financial LLC decreased its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 61.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,377 shares of the company's stock after selling 210,630 shares during the period. Virtu Financial LLC's holdings in Grab were worth $609,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GRAB. Garde Capital Inc. acquired a new position in Grab in the 1st quarter valued at approximately $29,000. J2 Capital Management Inc acquired a new position in Grab in the 1st quarter valued at approximately $45,000. Proficio Capital Partners LLC acquired a new stake in shares of Grab during the first quarter worth $45,000. Perigon Wealth Management LLC acquired a new stake in shares of Grab during the first quarter worth $48,000. Finally, Intelligence Driven Advisers LLC bought a new position in Grab during the first quarter worth $48,000. Institutional investors own 55.52% of the company's stock.

Grab Price Performance

GRAB remained flat at $5.13 during trading on Friday. 17,761,256 shares of the company's stock were exchanged, compared to its average volume of 36,697,020. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $4.95 and a 200-day simple moving average of $4.76. Grab Holdings Limited has a twelve month low of $3.12 and a twelve month high of $5.72. The stock has a market capitalization of $20.66 billion, a PE ratio of 128.28 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS 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.