Axim Planning & Wealth Takes Position in Grab Holdings Limited $GRAB

Axim Planning & Wealth purchased a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the second quarter, HoldingsChannel reports. The institutional investor purchased 40,480 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently modified their holdings of GRAB. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Grab in the first quarter valued at about $108,000. Vontobel Holding Ltd. bought a new stake in shares of Grab in the first quarter valued at about $235,000. Principal Financial Group Inc. lifted its holdings in shares of Grab by 3.2% in the first quarter. Principal Financial Group Inc. now owns 6,197,665 shares of the company’s stock valued at $28,075,000 after purchasing an additional 189,398 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Grab by 7.3% in the first quarter. IFM Investors Pty Ltd now owns 376,293 shares of the company’s stock valued at $1,705,000 after purchasing an additional 25,618 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Grab by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 4,004,362 shares of the company’s stock valued at $18,140,000 after purchasing an additional 384,917 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GRAB shares. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. HSBC reaffirmed a “hold” rating and issued a $6.20 target price on shares of Grab in a research report on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Benchmark raised their target price on shares of Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $7.00 target price on shares of Grab in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Grab currently has an average rating of “Moderate Buy” and an average price target of $6.39.

Grab Price Performance

Shares of NASDAQ GRAB opened at $5.78 on Wednesday. The business’s 50 day moving average price is $5.81 and its two-hundred day moving average price is $5.24. The company has a market cap of $23.28 billion, a PE ratio of 144.54 and a beta of 0.88. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a twelve month low of $3.36 and a twelve month high of $6.62.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a return on equity of 1.75% and a net margin of 3.65%. On average, analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

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.