Grab (NASDAQ:GRABW) Shares Up 1.3% – Still a Buy?

Grab Holdings Limited (NASDAQ:GRABW) rose 1.3% during mid-day trading on Tuesday . The stock traded as high as $0.49 and last traded at $0.45. Approximately 14,370 shares traded hands during trading, a decline of 69% from the average daily volume of 46,131 shares. The stock had previously closed at $0.45.

Grab Stock Performance

The stock has a 50 day moving average price of $0.49 and a 200-day moving average price of $0.40.

Hedge Funds Weigh In On Grab

An institutional investor recently raised its position in Grab stock. LMR Partners LLP increased its position in Grab Holdings Limited (NASDAQ:GRABW) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,938,816 shares of the company’s stock after buying an additional 106,338 shares during the quarter. LMR Partners LLP’s holdings in Grab were worth $1,198,000 as of its most recent filing with the Securities & Exchange Commission.

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.