Advisors Asset Management Inc. Has $108,000 Stake in Grab Holdings Limited (NASDAQ:GRAB)

Advisors Asset Management Inc. reduced its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 8.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,422 shares of the company’s stock after selling 2,620 shares during the quarter. Advisors Asset Management Inc.’s holdings in Grab were worth $108,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. 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 acquiring an additional 3,408 shares during the last quarter. Sage Rhino Capital LLC acquired a new stake in Grab in the second quarter worth $38,000. Traynor Capital Management Inc. bought a new position in shares of Grab during the third quarter worth $41,000. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after buying an additional 3,795 shares during the period. Finally, Prospect Financial Services LLC bought a new stake in shares of Grab in the 2nd quarter valued at $53,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of GRAB opened at $5.00 on Friday. The stock has a market capitalization of $20.14 billion, a price-to-earnings ratio of -250.00 and a beta of 0.81. Grab Holdings Limited has a 12 month low of $2.90 and a 12 month high of $5.72. The firm has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $3.72. 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 posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $716.00 million during the quarter, compared to the consensus estimate 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 business posted ($0.02) EPS. Research analysts forecast that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. China Renaissance lowered Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a report on Thursday, November 21st. JPMorgan Chase & Co. boosted their price objective on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Barclays increased their target price on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Mizuho lifted their price target on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI increased their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.42.

Grab Company 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.