WFM ASIA BVI Ltd lessened its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 15.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,875,015 shares of the company's stock after selling 5,025,100 shares during the period. Grab comprises 14.3% of WFM ASIA BVI Ltd's investment portfolio, making the stock its 3rd largest holding. WFM ASIA BVI Ltd owned about 0.69% of Grab worth $131,570,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Baillie Gifford & Co. increased its holdings in Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after buying an additional 4,259,537 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Grab by 4,311.8% during the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company's stock worth $1,691,000 after acquiring an additional 435,014 shares in the last quarter. Leibman Financial Services Inc. bought a new position in shares of Grab in the 4th quarter valued at approximately $937,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Grab by 2.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company's stock worth $22,220,000 after purchasing an additional 134,243 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Grab by 2.9% during the third quarter. Geode Capital Management LLC now owns 20,666,618 shares of the company's stock worth $77,414,000 after purchasing an additional 591,898 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.
Grab Price Performance
Shares of NASDAQ GRAB traded down $0.33 during mid-day trading on Thursday, hitting $3.94. 23,245,106 shares of the stock were exchanged, compared to its average volume of 29,902,022. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock's fifty day simple moving average is $4.59 and its two-hundred day simple moving average is $4.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company has a market cap of $15.85 billion, a P/E ratio of -195.75, a PEG ratio of 2.26 and a beta of 0.88.
Grab (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate 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 analysts' expectations of $762.57 million. As a group, analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
Wall Street Analyst Weigh In
GRAB has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective for the company in a report on Friday, February 21st. HSBC raised Grab from a "hold" rating to a "buy" rating and cut their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Hsbc Global Res raised Grab from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Benchmark reissued a "buy" rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Finally, Bank of America raised shares of Grab from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $4.90 to $5.10 in a research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.62.
Read Our Latest Analysis on Grab
About Grab
(
Free Report)
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.
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