Toronto Dominion Bank Sells 287,357 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Toronto Dominion Bank lowered its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,885,503 shares of the company's stock after selling 287,357 shares during the period. Toronto Dominion Bank owned approximately 0.15% of Grab worth $27,780,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GRAB. Twin Tree Management LP bought a new position in Grab in the 4th quarter valued at about $25,000. Campbell Capital Management Inc. acquired a new stake in shares of Grab during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC bought a new position in Grab in the fourth quarter valued at approximately $30,000. TD Private Client Wealth LLC raised its position in Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares in the last quarter. Finally, Allianz SE bought a new stake in Grab during the fourth quarter worth $44,000. Institutional investors and hedge funds own 55.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GRAB shares. Barclays lifted their price target on Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Citigroup reissued a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Grab presently has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Grab Trading Down 0.4%

NASDAQ GRAB traded down $0.02 during trading hours on Friday, reaching $4.87. The company's stock had a trading volume of 31,240,793 shares, compared to its average volume of 30,721,642. The firm has a fifty day simple moving average of $4.57 and a 200-day simple moving average of $4.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a 52 week low of $2.98 and a 52 week high of $5.72. The stock has a market cap of $19.61 billion, a P/E ratio of -243.50, a P/E/G ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly 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 firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Equities analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal 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.