Cetera Investment Advisers Grows Stock Holdings in Grab Holdings Limited $GRAB

Cetera Investment Advisers boosted its position in Grab Holdings Limited (NASDAQ:GRAB) by 40.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 95,552 shares of the company’s stock after acquiring an additional 27,632 shares during the period. Cetera Investment Advisers’ holdings in Grab were worth $433,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd grew its stake in Grab by 83.5% in the 1st quarter. ANTIPODES PARTNERS Ltd now owns 227,471 shares of the company’s stock worth $1,031,000 after acquiring an additional 103,530 shares during the period. Wedbush Securities Inc. grew its stake in shares of Grab by 19.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,090 shares of the company’s stock valued at $118,000 after buying an additional 4,290 shares during the period. Sustainable Growth Advisers LP purchased a new stake in shares of Grab during the 1st quarter valued at $6,166,000. Proficio Capital Partners LLC purchased a new stake in shares of Grab during the 1st quarter valued at $45,000. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Grab by 24.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 808,400 shares of the company’s stock valued at $3,662,000 after buying an additional 157,300 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Price Performance

Shares of NASDAQ GRAB opened at $5.13 on Monday. Grab Holdings Limited has a 52-week low of $3.12 and a 52-week high of $5.72. The firm has a fifty day moving average of $4.95 and a 200-day moving average of $4.76. The stock has a market capitalization of $20.66 billion, a PE ratio of 128.28 and a beta of 0.84. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $819.00 million during 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%. On average, analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab 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.