WFM ASIA BVI Ltd Has $131.57 Million Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

WFM ASIA BVI Ltd cut its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,875,015 shares of the company’s stock after selling 5,025,100 shares during the period. Grab comprises about 14.3% of WFM ASIA BVI Ltd’s investment portfolio, making the stock its 3rd biggest position. WFM ASIA BVI Ltd owned approximately 0.69% of Grab worth $131,570,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. ExodusPoint Capital Management LP boosted its position in shares of Grab by 77.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,026,150 shares of the company’s stock worth $4,843,000 after purchasing an additional 446,965 shares during the period. SevenBridge Financial Group LLC purchased a new position in shares of Grab during the 4th quarter valued at $48,000. Headlands Technologies LLC boosted its holdings in Grab by 52.4% in the 4th quarter. Headlands Technologies LLC now owns 1,169,562 shares of the company’s stock worth $5,520,000 after buying an additional 402,320 shares during the period. Geode Capital Management LLC increased its stake in Grab by 4.8% in the 4th quarter. Geode Capital Management LLC now owns 21,655,571 shares of the company’s stock worth $101,086,000 after buying an additional 988,953 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new position in shares of Grab in the fourth quarter valued at about $19,959,000. Institutional investors own 55.52% of the company’s stock.

Grab Price Performance

Shares of Grab stock opened at $3.73 on Friday. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of -186.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. 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 stock has a 50 day moving average price of $4.66 and a 200-day moving average price of $4.54. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Equities analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analyst Weigh In

GRAB has been the topic of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a report on Friday, February 21st. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and raised their target price for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Finally, Barclays lifted their target price on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.62.

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.