Strategies Wealth Advisors LLC Takes Position in Grab Holdings Limited $GRAB

Strategies Wealth Advisors LLC purchased a new position in Grab Holdings Limited (NASDAQ:GRAB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $57,000.

Other large investors have also added to or reduced their stakes in the company. Garde Capital Inc. purchased a new stake in shares of Grab in the first quarter worth $29,000. Summit Securities Group LLC boosted its stake in Grab by 63.6% in 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 in the last quarter. J2 Capital Management Inc purchased a new stake in Grab during the 1st quarter valued at about $45,000. Proficio Capital Partners LLC bought a new stake in Grab during the 1st quarter valued at about $45,000. Finally, Intelligence Driven Advisers LLC purchased a new position in Grab in the first quarter worth about $48,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Trading Up 2.4%

Shares of NASDAQ GRAB opened at $5.13 on Friday. The firm’s 50 day moving average price is $4.99 and its 200-day moving average price is $4.77. Grab Holdings Limited has a 52-week low of $3.17 and a 52-week 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 cap of $20.66 billion, a PE ratio of 128.28 and a beta of 0.84.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data 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 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. On average, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

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.