WCM Investment Management LLC lowered its stake in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 5.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,376,418 shares of the company's stock after selling 659,353 shares during the period. WCM Investment Management LLC owned 0.29% of Grab worth $43,799,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC bought a new position in shares of Grab in the first quarter worth $32,000. Blue Trust Inc. increased its stake in 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 last quarter. Sage Rhino Capital LLC bought a new position in Grab in the second quarter valued at $38,000. Traynor Capital Management Inc. bought a new position in Grab in the third quarter valued at $41,000. Finally, Prospect Financial Services LLC bought a new position in Grab in the second quarter valued at $53,000. Institutional investors own 55.52% of the company's stock.
Grab Trading Up 3.5 %
Shares of Grab stock traded up $0.15 during trading on Monday, reaching $4.38. 67,582,507 shares of the stock were exchanged, compared to its average volume of 28,577,600. 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 stock's fifty day moving average is $3.78 and its 200 day moving average is $3.58. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of -87.60 and a beta of 0.81. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $4.44.
Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The company had revenue of $664.00 million during the quarter, compared to analyst estimates of $674.17 million. During the same period in the prior year, the business posted ($0.03) earnings per share. Grab's revenue for the quarter was up 17.1% on a year-over-year basis. As a group, equities research analysts expect that Grab Holdings Limited will post -0.04 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Daiwa Capital Markets assumed coverage on Grab in a research note on Wednesday, October 23rd. They issued an "outperform" rating and a $4.60 target price on the stock. Jefferies Financial Group reduced their target price on Grab from $5.00 to $4.70 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Finally, Benchmark restated a "buy" rating and set a $6.00 price target on shares of Grab in a research report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Grab currently has a consensus rating of "Buy" and a consensus target price of $4.70.
Read Our Latest Stock Report on GRAB
About Grab
(
Free Report)
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.
Further Reading
Before you consider Grab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grab wasn't on the list.
While Grab currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.