Grab Target of Unusually Large Options Trading (NASDAQ:GRAB)

Key Points

• Grab Holdings experienced a significant increase in options trading, with investors purchasing 46,293 call options, marking a 32% rise from its average volume.
• The stock price of Grab rose by $0.43 to $5.96, with a notable trading volume of 48,449,929 shares, well above its average volume of 36,031,879 shares.
• Institutional investors collectively own over 55% of Grab's stock, with notable increases in positions from various hedge funds during the recent quarter.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) was the target of some unusual options trading activity on Friday. Investors bought 46,293 call options on the company. This is an increase of approximately 32% compared to the typical volume of 35,080 call options.

Grab Price Performance

Shares of GRAB stock traded up $0.14 during mid-day trading on Monday, reaching $6.14. The company's stock had a trading volume of 109,411,129 shares, compared to its average volume of 34,060,812. The firm's 50-day moving average is $5.13 and its two-hundred day moving average is $4.81. The company has a market cap of $24.73 billion, a P/E ratio of 153.54 and a beta of 0.84. Grab has a 1-year low of $3.36 and a 1-year high of $6.16. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88.

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, meeting analysts' consensus estimates of $0.01. The business had revenue of $819.00 million for the quarter, compared to analysts' expectations of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Grab has set its FY 2025 guidance at EPS. On average, research analysts predict that Grab will post 0.05 earnings per share for the current year.

Institutional Trading of Grab

Several institutional investors have recently bought and sold shares of GRAB. Amundi raised its stake in Grab by 102.3% during the first quarter. Amundi now owns 3,349,450 shares of the company's stock worth $14,269,000 after acquiring an additional 1,693,598 shares in the last quarter. SCS Capital Management LLC bought a new stake in shares of Grab in the 1st quarter worth about $1,197,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Grab by 18.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,261,794 shares of the company's stock worth $78,196,000 after purchasing an additional 2,679,277 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Grab by 34.8% in the first quarter. Royal Bank of Canada now owns 7,206,698 shares of the company's stock valued at $32,646,000 after acquiring an additional 1,862,433 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Grab in the first quarter valued at $165,000. Institutional investors and hedge funds own 55.52% of the company's stock.

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.