Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,707,627 shares of the company’s stock after purchasing an additional 134,243 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.12% of Grab worth $22,220,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Grab by 53.6% during the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares during the last quarter. SeaBridge Investment Advisors LLC acquired a new stake in Grab during the 4th quarter worth $48,000. Traynor Capital Management Inc. acquired a new stake in Grab during the 3rd quarter worth $41,000. Glenmede Trust Co. NA acquired a new stake in Grab during the 3rd quarter worth $53,000. Finally, Baldwin Wealth Partners LLC MA acquired a new position in shares of Grab during the 4th quarter valued at about $67,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 4.6 %

Shares of GRAB opened at $5.00 on Thursday. The firm has a market cap of $20.14 billion, a P/E ratio of -250.00, a price-to-earnings-growth ratio of 1.95 and a beta of 0.90. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The company’s 50-day moving average price is $4.80 and its 200 day moving average price is $4.20. 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 issued its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same period in the prior year, the firm earned ($0.02) earnings per share. On average, sell-side analysts forecast that Grab Holdings Limited will post -0.02 earnings per share for the current year.

Analysts Set New Price Targets

GRAB has been the topic of several recent research reports. Mizuho boosted their price target on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Daiwa Capital Markets initiated coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Evercore ISI boosted their price target on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average price target of $5.54.

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.