Milestone Asset Management LLC Acquires Shares of 77,519 Grab Holdings Limited (NASDAQ:GRAB)

Milestone Asset Management LLC bought a new position in Grab Holdings Limited (NASDAQ:GRAB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 77,519 shares of the company’s stock, valued at approximately $366,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Blue Trust Inc. grew its stake in Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares in the last quarter. Traynor Capital Management Inc. bought a new position in shares of Grab in the third quarter worth $41,000. Glenmede Trust Co. NA purchased a new position in shares of Grab in the third quarter valued at $53,000. Baldwin Wealth Partners LLC MA bought a new stake in shares of Grab during the 4th quarter valued at $67,000. Finally, First Trust Direct Indexing L.P. lifted its holdings in Grab by 34.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock worth $70,000 after purchasing an additional 4,725 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Daiwa Capital Markets began coverage on Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock. Mizuho upped their target price on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Tuesday, November 12th. Finally, China Renaissance lowered Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a research note on Thursday, November 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.55.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $4.64 on Friday. The stock’s 50-day moving average is $4.87 and its 200 day moving average is $4.11. The stock has a market cap of $18.69 billion, a price-to-earnings ratio of -232.00, a P/E/G ratio of 1.84 and a beta of 0.90. Grab Holdings Limited has a 1-year low of $2.98 and a 1-year high of $5.72. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. During the same period in the previous year, the business posted ($0.02) EPS. On average, sell-side analysts anticipate that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

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.