264,214 Shares in Grab Holdings Limited $GRAB Bought by SCS Capital Management LLC

SCS Capital Management LLC acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 1st quarter, Holdings Channel.com reports. The fund acquired 264,214 shares of the company’s stock, valued at approximately $1,197,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in Grab during the 1st quarter worth $165,000. Janney Montgomery Scott LLC grew its position in Grab by 669.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company’s stock worth $420,000 after purchasing an additional 80,602 shares during the last quarter. SG Americas Securities LLC grew its position in Grab by 98.9% during the 1st quarter. SG Americas Securities LLC now owns 227,950 shares of the company’s stock worth $1,033,000 after purchasing an additional 113,373 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Grab by 14.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 879,588 shares of the company’s stock worth $3,985,000 after purchasing an additional 111,992 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Grab by 6.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company’s stock worth $208,000 after purchasing an additional 2,581 shares during the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Trading Up 0.2%

Shares of Grab stock opened at $5.30 on Thursday. Grab Holdings Limited has a 1 year low of $3.33 and a 1 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 capitalization of $21.34 billion, a P/E ratio of 132.53 and a beta of 0.84. The company’s fifty day moving average is $5.07 and its two-hundred day moving average is $4.78.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $809.41 million. Grab has set its FY 2025 guidance at EPS. Analysts forecast that Grab Holdings Limited will post 0.05 earnings per share 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.