Toronto Dominion Bank Has $11.25 Million Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

Toronto Dominion Bank raised its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 3,078.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,582,012 shares of the company’s stock after purchasing an additional 3,469,329 shares during the period. Toronto Dominion Bank owned approximately 0.09% of Grab worth $11,248,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in Grab by 32.2% during the first quarter. Advisors Asset Management Inc. now owns 29,739 shares of the company’s stock valued at $93,000 after purchasing an additional 7,239 shares in the last quarter. Pitcairn Co. acquired a new position in shares of Grab during the first quarter worth $57,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Grab by 155.1% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,000,000 shares of the company’s stock worth $6,280,000 after buying an additional 1,216,000 shares in the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of Grab by 4,415.1% during the first quarter. Lake Street Advisors Group LLC now owns 695,324 shares of the company’s stock worth $2,183,000 after buying an additional 679,924 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Grab by 14.7% during the first quarter. Acadian Asset Management LLC now owns 70,088 shares of the company’s stock worth $219,000 after buying an additional 8,970 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on GRAB. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Grab in a report on Thursday, May 16th. Barclays boosted their price objective on shares of Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a research note on Wednesday, May 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Grab in a research note on Friday, May 17th. They issued a “buy” rating and a $4.50 price objective on the stock. Mizuho initiated coverage on shares of Grab in a research note on Thursday, June 27th. They issued an “outperform” rating and a $5.00 price objective on the stock. Finally, HSBC reissued a “buy” rating and issued a $4.30 price objective on shares of Grab in a research note on Thursday, April 4th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $5.02.

Grab Stock Up 0.3 %

Shares of GRAB stock traded up $0.01 on Friday, reaching $3.33. 13,942,923 shares of the company were exchanged, compared to its average volume of 22,185,189. The company has a market cap of $13.06 billion, a price-to-earnings ratio of -47.56 and a beta of 0.81. The company has a 50-day moving average of $3.57 and a 200-day moving average of $3.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.22. Grab Holdings Limited has a one year low of $2.90 and a one year high of $3.92.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $653.00 million for the quarter, compared to the consensus estimate of $662.48 million. Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. Analysts anticipate that Grab Holdings Limited will post -0.03 earnings per share for the current year.

Grab 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.