Cetera Investment Advisers Raises Stake in Grab Holdings Limited $GRAB

Cetera Investment Advisers grew its stake in Grab Holdings Limited (NASDAQ:GRAB) by 40.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,552 shares of the company’s stock after purchasing 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 quarter.

Several other hedge funds have also bought and sold shares of the stock. ANTIPODES PARTNERS Ltd boosted its position 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 purchasing an additional 103,530 shares in the last quarter. Wedbush Securities Inc. boosted its position in Grab by 19.7% in the 1st quarter. Wedbush Securities Inc. now owns 26,090 shares of the company’s stock worth $118,000 after purchasing an additional 4,290 shares in the last quarter. Sustainable Growth Advisers LP purchased a new stake in Grab in the 1st quarter worth approximately $6,166,000. Proficio Capital Partners LLC purchased a new stake in Grab in the 1st quarter worth approximately $45,000. Finally, KLP Kapitalforvaltning AS boosted its position in Grab by 24.2% in the 1st quarter. KLP Kapitalforvaltning AS now owns 808,400 shares of the company’s stock worth $3,662,000 after purchasing an additional 157,300 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Grab stock opened at $5.13 on Monday. The stock has a market capitalization of $20.66 billion, a P/E ratio of 128.28 and a beta of 0.84. The company’s fifty day moving average price is $4.95 and its 200 day moving average price is $4.76. 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 Holdings Limited has a 1 year low of $3.12 and a 1 year high of $5.72.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $819.00 million during the quarter, compared to analyst estimates of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal 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.