Axiom Investors LLC DE Purchases Shares of 4,449,700 Grab Holdings Limited (NASDAQ:GRAB)

Axiom Investors LLC DE acquired a new position in shares of Grab Holdings Limited (NASDAQ:GRAB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,449,700 shares of the company’s stock, valued at approximately $21,003,000. Axiom Investors LLC DE owned 0.11% of Grab as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Hanwha Asset Management Co. Ltd. bought a new stake in Grab in the 4th quarter valued at $227,718,000. Perpetual Ltd acquired a new position in Grab in the fourth quarter worth about $213,177,000. Arrowstreet Capital Limited Partnership lifted its stake in Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock worth $160,075,000 after purchasing an additional 33,257,610 shares during the period. Norges Bank acquired a new stake in Grab during the fourth quarter valued at approximately $145,927,000. Finally, Wellington Management Group LLP grew its stake in shares of Grab by 13.4% in 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. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Down 4.8 %

Grab stock opened at $4.57 on Monday. Grab Holdings Limited has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a market capitalization of $18.40 billion, a price-to-earnings ratio of -228.50, a PEG ratio of 2.26 and a beta of 0.88. The company’s 50 day simple moving average is $4.68 and its 200 day simple moving average is $4.53.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting 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%. As a group, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

GRAB has been the topic of several recent analyst reports. HSBC raised Grab from a “hold” rating to a “buy” rating and decreased their price target for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Barclays lifted their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Finally, Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Grab in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.62.

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.