Toronto Dominion Bank Buys 1,035,269 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Toronto Dominion Bank grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,172,860 shares of the company’s stock after purchasing an additional 1,035,269 shares during the period. Toronto Dominion Bank’s holdings in Grab were worth $23,457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares in the last quarter. Sage Rhino Capital LLC bought a new stake in Grab in the 2nd quarter worth about $38,000. Traynor Capital Management Inc. purchased a new stake in Grab in the 3rd quarter valued at about $41,000. Dorsey & Whitney Trust CO LLC lifted its position in shares of Grab by 37.0% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after buying an additional 3,795 shares in the last quarter. Finally, Glenmede Trust Co. NA purchased a new position in shares of Grab in the 3rd quarter worth approximately $53,000. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on GRAB shares. Hsbc Global Res downgraded shares of Grab from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. Mizuho upped their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays raised their target price on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Daiwa Capital Markets began coverage on Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.53.

Grab Stock Down 4.1 %

Shares of NASDAQ GRAB opened at $5.18 on Friday. The stock has a market capitalization of $20.86 billion, a P/E ratio of -259.00 and a beta of 0.90. Grab Holdings Limited has a one year low of $2.90 and a one year high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm’s 50 day simple moving average is $4.52 and its two-hundred day simple moving average is $3.84.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million during the quarter, compared to analysts’ expectations of $705.40 million. During the same quarter last year, the business posted ($0.02) EPS. As a group, analysts expect that Grab Holdings Limited will post -0.03 EPS for the current fiscal 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.