Maxi Investments CY Ltd Makes New $1.18 Million Investment in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Maxi Investments CY Ltd acquired 259,934 shares of Grab Holdings Limited, totaling approximately $1,178,000 during the first quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Grab with a price target of $5.82, showing positive expectations for the company's growth.
• Grab reported earnings per share of $0.01 for the last quarter, meeting expectations, and had revenues of $819 million, slightly above analyst estimates.

Maxi Investments CY Ltd bought a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 259,934 shares of the company's stock, valued at approximately $1,178,000.

Several other hedge funds also recently modified their holdings of the business. Uber Technologies Inc acquired a new position in Grab in the fourth quarter valued at approximately $2,529,462,000. Toyota Motor Corp bought a new stake in shares of Grab during the 4th quarter valued at $1,052,117,000. BNP Paribas Financial Markets acquired a new position in shares of Grab in the 4th quarter valued at $137,561,000. D. E. Shaw & Co. Inc. lifted its stake in shares of Grab by 176,919.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 19,891,669 shares of the company's stock valued at $93,889,000 after purchasing an additional 19,880,432 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Grab by 111.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 35,829,032 shares of the company's stock worth $162,306,000 after purchasing an additional 18,882,118 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on GRAB. CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned 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 $5.82.

Grab Stock Up 3.8%

Shares of GRAB traded up $0.18 on Thursday, hitting $4.95. The company's stock had a trading volume of 42,168,420 shares, compared to its average volume of 39,467,976. The firm's fifty day moving average price is $4.95 and its 200-day moving average price is $4.74. Grab Holdings Limited has a fifty-two week low of $3.08 and a fifty-two week high of $5.72. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 123.78 and a beta of 0.84.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The company had revenue of $819.00 million during the quarter, compared to analysts' expectations of $809.41 million. On average, equities research analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

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.