Toronto Dominion Bank Has $27.78 Million Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Toronto Dominion Bank decreased its stake in Grab Holdings Limited (NASDAQ:GRAB) by 4.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,885,503 shares of the company’s stock after selling 287,357 shares during the period. Toronto Dominion Bank’s holdings in Grab were worth $27,780,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ellevest Inc. lifted its holdings in shares of Grab by 3.3% during the fourth quarter. Ellevest Inc. now owns 82,793 shares of the company’s stock valued at $391,000 after acquiring an additional 2,636 shares during the period. Wedbush Securities Inc. lifted its holdings in Grab by 19.1% during the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company’s stock valued at $103,000 after purchasing an additional 3,500 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Grab by 40.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company’s stock valued at $69,000 after buying an additional 4,250 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Grab by 1.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company’s stock worth $1,658,000 after buying an additional 4,412 shares during the last quarter. Finally, Vestcor Inc increased its holdings in shares of Grab by 16.6% during the fourth quarter. Vestcor Inc now owns 33,602 shares of the company’s stock worth $159,000 after buying an additional 4,776 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

Grab stock opened at $5.09 on Monday. The business’s 50-day simple moving average is $4.49 and its 200 day simple moving average is $4.70. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock has a market cap of $20.50 billion, a price-to-earnings ratio of -254.50, a P/E/G ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on GRAB. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Citigroup reissued a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on Grab from $5.60 to $5.30 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Finally, Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.71.

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.