WFM ASIA BVI Ltd Increases Position in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• WFM ASIA BVI Ltd increased its stake in Grab Holdings by 9.1%, owning approximately 30.4 million shares worth $137.7 million, making it the firm's 4th largest holding.
• Grab Holdings reported $0.01 EPS for the quarter, meeting analysts' expectations, with revenues of $819 million, surpassing estimates of $809.4 million.
• The stock has a consensus rating of "Moderate Buy" with a target price of $5.82, despite JPMorgan lowering its price target from $5.60 to $5.30.

WFM ASIA BVI Ltd boosted its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,407,515 shares of the company's stock after buying an additional 2,532,500 shares during the period. Grab accounts for approximately 15.4% of WFM ASIA BVI Ltd's portfolio, making the stock its 4th biggest holding. WFM ASIA BVI Ltd owned about 0.76% of Grab worth $137,746,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GRAB. Uber Technologies Inc acquired a new stake in shares of Grab during the 4th quarter worth approximately $2,529,462,000. Toyota Motor Corp acquired a new stake in shares of Grab in the fourth quarter worth $1,052,117,000. Invesco Ltd. raised its holdings in shares of Grab by 13.6% during the first quarter. Invesco Ltd. now owns 57,114,603 shares of the company's stock worth $258,729,000 after acquiring an additional 6,820,675 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Grab by 7.3% during the first quarter. Baillie Gifford & Co. now owns 50,443,998 shares of the company's stock valued at $228,511,000 after buying an additional 3,422,289 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Grab by 19.0% during the first quarter. JPMorgan Chase & Co. now owns 50,027,575 shares of the company's stock valued at $226,625,000 after buying an additional 7,998,293 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

NASDAQ GRAB remained flat at $5.13 during trading on Friday. The company's stock had a trading volume of 17,761,256 shares, compared to its average volume of 36,697,020. The firm has a market capitalization of $20.66 billion, a P/E ratio of 128.28 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. Grab Holdings Limited has a 12 month low of $3.12 and a 12 month high of $5.72. The stock has a fifty day moving average price of $4.95 and a 200 day moving average price of $4.76.

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

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.