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

WCM Investment Management LLC trimmed its position in Grab Holdings Limited (NASDAQ:GRAB) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,905,595 shares of the company’s stock after selling 470,823 shares during the period. WCM Investment Management LLC’s holdings in Grab were worth $51,911,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after buying an additional 3,147 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock valued at $135,000 after buying an additional 3,500 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of Grab by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock valued at $2,951,000 after buying an additional 3,941 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in Grab by 34.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock valued at $70,000 after purchasing an additional 4,725 shares during the period. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Up 2.6 %

Shares of NASDAQ:GRAB opened at $4.79 on Friday. The stock has a market capitalization of $19.29 billion, a PE ratio of -239.50, a P/E/G ratio of 1.95 and a beta of 0.90. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The firm has a fifty day moving average price of $4.82 and a 200 day moving average price of $4.17. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The company had revenue of $716.00 million during the quarter, compared to analysts’ expectations of $705.40 million. During the same period in the prior year, the company earned ($0.02) earnings per share. Analysts expect that Grab Holdings Limited will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GRAB. Barclays boosted their target price on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and cut their target price for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Grab in a research note on Tuesday, November 12th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. downgraded shares of Grab from an “overweight” rating to a “neutral” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.