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

TD Private Client Wealth LLC raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 7,238.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,999 shares of the company’s stock after acquiring an additional 7,890 shares during the period. TD Private Client Wealth LLC’s holdings in Grab were worth $38,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Empowered Funds LLC lifted its holdings in shares of Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after acquiring an additional 3,147 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Grab by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company’s stock worth $5,434,000 after purchasing an additional 48,596 shares during the last quarter. Dai ichi Life Insurance Company Ltd boosted its holdings in shares of Grab by 13.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 123,679 shares of the company’s stock valued at $470,000 after purchasing an additional 15,000 shares in the last quarter. Glenmede Trust Co. NA bought a new position in shares of Grab in the 3rd quarter valued at $53,000. Finally, Caz Investments LP raised its holdings in shares of Grab by 100.0% during the 3rd quarter. Caz Investments LP now owns 3,700,232 shares of the company’s stock worth $13,598,000 after buying an additional 1,850,116 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Performance

NASDAQ GRAB opened at $4.78 on Thursday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of -239.00, a PEG ratio of 2.26 and a beta of 0.88. Grab Holdings Limited has a twelve month low of $2.98 and a twelve month high of $5.72. The stock has a fifty day simple moving average of $4.68 and a 200 day simple moving average of $4.50. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Sell-side analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GRAB. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and raised their price target for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and lowered their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Grab currently has an average rating of “Moderate Buy” and a consensus target price of $5.62.

Grab 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.