Centurion Wealth Management LLC Purchases 22,857 Shares of Grab Holdings Limited $GRAB

Centurion Wealth Management LLC increased its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 95.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 46,715 shares of the company’s stock after buying an additional 22,857 shares during the quarter. Centurion Wealth Management LLC’s holdings in Grab were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of 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 buying an additional 2,581 shares during the period. Empowered Funds LLC raised its stake in Grab by 6.2% during the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock valued at $239,000 after purchasing an additional 3,090 shares during the last quarter. Summit Securities Group LLC raised its stake in Grab by 63.6% during the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock valued at $37,000 after purchasing an additional 3,199 shares during the last quarter. Leibman Financial Services Inc. raised its stake in Grab by 1.7% during the 1st quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company’s stock valued at $914,000 after purchasing an additional 3,331 shares during the last quarter. Finally, Cigna Investments Inc. New raised its stake in Grab by 8.7% during the 1st quarter. Cigna Investments Inc. New now owns 42,426 shares of the company’s stock valued at $192,000 after purchasing an additional 3,388 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

NASDAQ:GRAB opened at $6.00 on Monday. The stock has a market cap of $24.16 billion, a P/E ratio of 150.04 and a beta of 0.84. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.03. The company has a fifty day moving average price of $5.10 and a 200 day moving average price of $4.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.88 and a quick ratio of 1.87.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm 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%. Grab has set its FY 2025 guidance at EPS. Analysts anticipate 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.