Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lessened its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,905,595 shares of the company’s stock after selling 470,823 shares during the quarter. WCM Investment Management LLC owned 0.27% of Grab worth $51,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC lifted its stake in shares of Grab by 13.3% during the fourth quarter. Empowered Funds LLC now owns 49,608 shares of the company’s stock worth $234,000 after purchasing an additional 5,820 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Grab by 19.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 264,669 shares of the company’s stock worth $1,249,000 after acquiring an additional 42,824 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock worth $22,220,000 after acquiring an additional 134,243 shares during the last quarter. Leo Wealth LLC increased its position in shares of Grab by 109.1% during the fourth quarter. Leo Wealth LLC now owns 37,913 shares of the company’s stock worth $179,000 after acquiring an additional 19,778 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Grab by 1.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,124,409 shares of the company’s stock worth $5,307,000 after acquiring an additional 17,517 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Performance

Shares of GRAB stock opened at $4.79 on Friday. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average of $4.82 and a two-hundred day moving average of $4.17. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a market cap of $19.29 billion, a P/E ratio of -239.50, a PEG ratio of 1.95 and a beta of 0.90.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same period in the previous year, the firm posted ($0.02) earnings per share. As a group, analysts anticipate that Grab Holdings Limited will post -0.02 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Tuesday, November 12th. Barclays lifted their target price on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Evercore ISI lifted their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Daiwa Capital Markets began coverage on Grab in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price objective for the company. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.54.

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.