TD Asset Management Inc Purchases 129,232 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• TD Asset Management Inc increased its stake in Grab Holdings Limited by 21.4% in the first quarter, acquiring a total of 732,730 shares valued at approximately $3.32 million.
• Grab has received a consensus rating of "Moderate Buy" from analysts, with a target price of $5.82, while one analyst has given a strong buy rating.
• The company reported revenue of $819 million for the last quarter, exceeding expectations, and is projected to achieve an EPS of 0.05 for the current year.

TD Asset Management Inc boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 21.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 732,730 shares of the company's stock after buying an additional 129,232 shares during the period. TD Asset Management Inc's holdings in Grab were worth $3,319,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GRAB. Garde Capital Inc. acquired a new stake in shares of Grab in the 1st quarter valued at $29,000. Proficio Capital Partners LLC acquired a new stake in shares of Grab in the 1st quarter valued at $45,000. J2 Capital Management Inc acquired a new stake in shares of Grab in the 1st quarter valued at $45,000. Perigon Wealth Management LLC acquired a new stake in shares of Grab in the 1st quarter valued at $48,000. Finally, Intelligence Driven Advisers LLC acquired a new stake in shares of Grab in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Grab Trading Down 1.8%

Shares of GRAB stock traded down $0.09 on Friday, reaching $4.80. The company had a trading volume of 39,657,416 shares, compared to its average volume of 41,291,796. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The stock has a market cap of $19.33 billion, a PE ratio of 120.03 and a beta of 0.84. The company has a 50-day moving average of $4.95 and a 200-day moving average of $4.73. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $819.00 million for the quarter, compared to analysts' expectations of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on GRAB. CLSA raised Grab to a "moderate buy" rating in a report on Wednesday, April 9th. 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. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.82.

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.