4,449,700 Shares in Grab Holdings Limited (NASDAQ:GRAB) Purchased by Axiom Investors LLC DE

Axiom Investors LLC DE bought a new position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,449,700 shares of the company's stock, valued at approximately $21,003,000. Axiom Investors LLC DE owned approximately 0.11% of Grab at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GRAB. Twin Tree Management LP acquired a new stake in shares of Grab during the fourth quarter worth $25,000. Global Retirement Partners LLC acquired a new position in shares of Grab in the fourth quarter valued at approximately $30,000. Campbell Capital Management Inc. acquired a new position in shares of Grab in the 4th quarter valued at about $30,000. TD Private Client Wealth LLC increased its holdings in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares in the last quarter. Finally, Allianz SE purchased a new position in Grab in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Price Performance

GRAB traded down $0.44 during trading on Friday, reaching $3.82. 46,995,833 shares of the company were exchanged, compared to its average volume of 35,127,543. The company's 50-day moving average is $4.68 and its two-hundred day moving average is $4.54. The company has a market cap of $15.37 billion, a price-to-earnings ratio of -190.75, a P/E/G ratio of 2.26 and a beta of 0.88. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

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Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on GRAB shares. Barclays boosted their target price on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective for the company in a research note on Friday, February 21st. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. HSBC raised Grab from a "hold" rating to a "buy" rating and reduced their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Finally, Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $5.62.

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.