Grab (NASDAQ:GRAB) Sets New 12-Month High - Still a Buy?

Key Points

• Grab Holdings Limited shares hit a new 52-week high at $5.81 during trading, up 6.5% from the previous close.
• The company's recent earnings report showed $0.01 earnings per share, meeting analysts' expectations, with a revenue of $819 million for the quarter.
• Approximately 55.52% of Grab's stock is owned by institutional investors, indicating strong interest from hedge funds and institutional buyers.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $5.81 and last traded at $5.80, with a volume of 27019553 shares traded. The stock had previously closed at $5.53.

Grab Stock Up 6.5%

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 $23.71 billion, a PE ratio of 147.91 and a beta of 0.84. The business's 50-day simple moving average is $5.08 and its 200-day simple moving average is $4.79.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (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 company had revenue of $819.00 million during the quarter, compared to analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Grab

A number of institutional investors have recently bought and sold shares of the business. Garde Capital Inc. acquired a new stake in shares of Grab during the 1st quarter worth approximately $29,000. AlphaCore Capital LLC acquired a new stake in shares of Grab during the 2nd quarter worth approximately $33,000. Summit Securities Group LLC grew its stake in shares of Grab by 63.6% during the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock worth $37,000 after purchasing an additional 3,199 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Grab by 51.2% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company's stock worth $39,000 after purchasing an additional 2,634 shares during the period. Finally, J2 Capital Management Inc acquired a new stake in shares of Grab during the 1st quarter worth approximately $45,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

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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