ExodusPoint Capital Management LP Buys 446,965 Shares of Grab Holdings Limited (NASDAQ:GRAB)

ExodusPoint Capital Management LP raised its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 77.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,026,150 shares of the company's stock after acquiring an additional 446,965 shares during the period. ExodusPoint Capital Management LP's holdings in Grab were worth $4,843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP boosted its stake in Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock valued at $472,394,000 after purchasing an additional 14,671,388 shares during the period. Hanwha Asset Management Co. Ltd. acquired a new position in shares of Grab during the fourth quarter worth approximately $227,718,000. Baillie Gifford & Co. boosted its position in shares of Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after acquiring an additional 4,259,537 shares during the period. Perpetual Ltd bought a new stake in shares of Grab in the fourth quarter valued at approximately $213,177,000. Finally, State Street Corp grew its stake in shares of Grab by 2.3% in the third quarter. State Street Corp now owns 43,570,388 shares of the company's stock worth $165,567,000 after acquiring an additional 967,233 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GRAB has been the subject of several research analyst reports. Benchmark reiterated a "buy" rating and set a $6.00 target price on shares of Grab in a research note on Thursday, February 20th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and reduced their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday. Finally, Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Two investment 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's stock. According to data from MarketBeat.com, Grab has an average rating of "Moderate Buy" and a consensus target price of $5.62.

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Grab Price Performance

Shares of GRAB traded up $0.08 during trading hours on Friday, hitting $4.05. The stock had a trading volume of 47,043,640 shares, compared to its average volume of 30,070,759. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of -202.50, a P/E/G ratio of 2.26 and a beta of 0.88. The company's fifty day moving average is $4.56 and its two-hundred day moving average is $4.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting 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 business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. On average, analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current 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.