Toronto Dominion Bank lifted its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 43.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,137,591 shares of the company's stock after acquiring an additional 1,555,579 shares during the quarter. Toronto Dominion Bank owned 0.13% of Grab worth $18,238,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings in Grab by 8.1% in the second quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company's stock valued at $143,000 after purchasing an additional 3,020 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Grab by 37.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company's stock valued at $50,000 after acquiring an additional 3,795 shares in the last quarter. Cigna Investments Inc. New lifted its holdings in Grab by 12.9% in the second quarter. Cigna Investments Inc. New now owns 40,269 shares of the company's stock valued at $143,000 after acquiring an additional 4,595 shares during the period. Lake Street Advisors Group LLC boosted its position in Grab by 0.7% in the 2nd quarter. Lake Street Advisors Group LLC now owns 700,455 shares of the company's stock worth $2,487,000 after purchasing an additional 5,131 shares in the last quarter. Finally, Forsta AP Fonden grew its stake in shares of Grab by 1.1% during the 1st quarter. Forsta AP Fonden now owns 552,100 shares of the company's stock worth $1,734,000 after purchasing an additional 6,100 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.
GRAB stock opened at $3.80 on Friday. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $3.86. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03. The firm has a 50-day simple moving average of $3.35 and a 200-day simple moving average of $3.43. The stock has a market capitalization of $14.91 billion, a P/E ratio of -54.29 and a beta of 0.81.
Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The company had revenue of $664.00 million during the quarter, compared to analyst estimates of $674.17 million. Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. Grab's quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. Equities analysts forecast that Grab Holdings Limited will post -0.01 earnings per share for the current fiscal year.
Several research firms recently issued reports on GRAB. Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Grab in a research note on Wednesday, September 11th. Jefferies Financial Group lowered their target price on shares of Grab from $5.00 to $4.70 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Finally, Mizuho started coverage on Grab in a research note on Thursday, June 27th. They issued an "outperform" rating and a $5.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $4.71.
Read Our Latest Report on 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.
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