TD Private Client Wealth LLC Has $38,000 Position in Grab Holdings Limited (NASDAQ:GRAB)

TD Private Client Wealth LLC grew its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 7,238.5% during the fourth quarter, Holdings Channel reports. The firm owned 7,999 shares of the company’s stock after acquiring an additional 7,890 shares during the quarter. TD Private Client Wealth LLC’s holdings in Grab were worth $38,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in GRAB. Hanwha Asset Management Co. Ltd. acquired a new stake in Grab in the fourth quarter worth $227,718,000. Perpetual Ltd acquired a new stake in shares of Grab in the 4th quarter valued at about $213,177,000. Wellington Management Group LLP grew its stake in shares of Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after buying an additional 14,671,388 shares during the period. Assenagon Asset Management S.A. increased its position in Grab by 109.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock valued at $79,989,000 after buying an additional 8,868,071 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Grab by 179.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock worth $47,357,000 after buying an additional 8,004,912 shares during the period. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on GRAB shares. Citigroup reissued a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Barclays upped their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.62.

Grab Stock Performance

GRAB stock opened at $4.78 on Thursday. The business has a 50 day moving average of $4.68 and a 200-day moving average of $4.50. The firm has a market cap of $19.25 billion, a PE ratio of -239.00, a P/E/G ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. As a group, sell-side analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current 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.