Mount Yale Investment Advisors LLC Makes New $262,000 Investment in Grab Holdings Limited (NASDAQ:GRAB)

Mount Yale Investment Advisors LLC purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,439 shares of the company's stock, valued at approximately $262,000.

Several other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock valued at $35,000 after acquiring an additional 3,408 shares during the period. Traynor Capital Management Inc. purchased a new stake in Grab in the 3rd quarter worth approximately $41,000. Glenmede Trust Co. NA bought a new stake in shares of Grab in the 3rd quarter worth approximately $53,000. First Trust Direct Indexing L.P. increased its stake in shares of Grab by 34.5% during the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company's stock valued at $70,000 after buying an additional 4,725 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Grab during the second quarter valued at approximately $73,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of Grab stock traded down $0.14 during trading on Thursday, hitting $4.64. 28,398,681 shares of the company's stock traded hands, compared to its average volume of 24,287,740. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72. The business has a 50-day simple moving average of $4.89 and a 200-day simple moving average of $4.11. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a market capitalization of $18.69 billion, a P/E ratio of -232.00, a PEG ratio of 1.84 and a beta of 0.90.

Grab (NASDAQ:GRAB - Get Free Report) last released 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 analysts' expectations of $705.40 million. During the same period in the previous year, the company earned ($0.02) earnings per share. As a group, analysts forecast that Grab Holdings Limited will post -0.03 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on GRAB. Benchmark reiterated a "buy" rating and issued a $6.00 price target on shares of Grab in a report on Tuesday, November 12th. Hsbc Global Res cut shares of Grab from a "strong-buy" rating to a "hold" rating in a research report on Thursday, December 5th. HSBC lowered shares of Grab from a "buy" rating to a "hold" rating and raised their price objective for the stock from $4.25 to $5.50 in a report on Thursday, December 5th. Mizuho increased their price objective on Grab from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, Evercore ISI boosted their price target on Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.55.

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.