Mitsubishi UFJ Trust & Banking Corp Has $9.09 Million Position in Grab Holdings Limited $GRAB

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 12.9% in the third quarter, HoldingsChannel.com reports. The fund owned 1,509,480 shares of the company’s stock after buying an additional 172,137 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Grab were worth $9,087,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in Grab in the second quarter valued at approximately $175,192,000. JPMorgan Chase & Co. increased its stake in shares of Grab by 20.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock valued at $304,092,000 after purchasing an additional 10,428,014 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Grab by 70.0% in the 2nd quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock valued at $106,386,000 after purchasing an additional 8,707,738 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Grab by 11.8% during the 2nd quarter. Invesco Ltd. now owns 63,881,785 shares of the company’s stock worth $321,325,000 after buying an additional 6,767,182 shares in the last quarter. Finally, HRT Financial LP lifted its position in shares of Grab by 533.2% during the 2nd quarter. HRT Financial LP now owns 7,493,486 shares of the company’s stock worth $37,692,000 after buying an additional 6,310,006 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research note on Friday, January 16th. Mizuho set a $7.00 price objective on shares of Grab in a research note on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating and issued a $7.00 target price on shares of Grab in a research report on Tuesday, November 4th. Benchmark upped their price target on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $5.80 price target on shares of Grab in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $6.47.

Grab Stock Down 3.4%

NASDAQ:GRAB opened at $4.53 on Thursday. Grab Holdings Limited has a one year low of $3.36 and a one year high of $6.62. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.83 and a quick ratio of 1.81. The company has a market cap of $18.24 billion, a PE ratio of 113.28 and a beta of 0.90. The firm’s 50 day simple moving average is $4.97 and its 200 day simple moving average is $5.34.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. On average, research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.