The Manufacturers Life Insurance Company Has $17.88 Million Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

The Manufacturers Life Insurance Company trimmed its position in shares of Grab Holdings Limited (NASDAQ:GRABFree Report) by 10.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,305,975 shares of the company’s stock after selling 628,597 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.14% of Grab worth $17,881,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in GRAB. Optas LLC acquired a new stake in Grab during the fourth quarter valued at approximately $36,000. Meridian Wealth Partners LLC acquired a new stake in Grab in the 4th quarter valued at $36,000. Jump Financial LLC bought a new stake in Grab in the third quarter valued at $41,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in Grab during the third quarter worth $51,000. Finally, Cerity Partners LLC acquired a new stake in shares of Grab in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, May 16th. HSBC restated a “buy” rating and set a $4.30 price target on shares of Grab in a research report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Grab in a research note on Friday, May 17th. They issued a “buy” rating and a $4.50 price objective on the stock. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $5.07.

Get Our Latest Stock Report on Grab

Grab Stock Down 0.3 %

NASDAQ:GRAB opened at $3.67 on Monday. The company has a market cap of $14.40 billion, a price-to-earnings ratio of -52.42 and a beta of 0.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.22 and a current ratio of 3.26. The stock’s fifty day moving average price is $3.50 and its two-hundred day moving average price is $3.30. Grab Holdings Limited has a 52-week low of $2.90 and a 52-week high of $3.92.

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

Grab Company Profile

(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.

Featured Articles

Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

Receive News & Ratings for Grab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grab and related companies with MarketBeat.com's FREE daily email newsletter.