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

Toronto Dominion Bank decreased its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 4.7% in the 4th quarter, according to the company in 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 quarter. Toronto Dominion Bank owned about 0.15% of Grab worth $27,780,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Uber Technologies Inc acquired a new stake in Grab in the fourth quarter worth about $2,529,462,000. Hanwha Asset Management Co. Ltd. acquired a new stake in shares of Grab in the 4th quarter worth approximately $227,718,000. Perpetual Ltd bought a new position in shares of Grab in the fourth quarter valued at approximately $213,177,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock valued at $160,075,000 after acquiring an additional 33,257,610 shares during the period. Finally, Norges Bank acquired a new position in shares of Grab during the fourth quarter valued at approximately $145,927,000. Institutional investors own 55.52% of the company's stock.

Grab Trading Up 3.1%

Shares of NASDAQ:GRAB traded up $0.15 during midday trading on Thursday, reaching $4.96. The company had a trading volume of 36,656,636 shares, compared to its average volume of 30,677,259. The company has a fifty day simple moving average of $4.53 and a two-hundred day simple moving average of $4.71. The firm has a market cap of $19.97 billion, a price-to-earnings ratio of -248.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GRAB. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Benchmark reiterated a "buy" rating and issued a $6.00 price target 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 raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Grab presently has a consensus rating of "Moderate Buy" and an average target price of $5.71.

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.