20,675 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,675 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds have also made changes to their positions in GRAB. Dorsey & Whitney Trust CO LLC purchased a new position in Grab in the first quarter worth approximately $32,000. Miracle Mile Advisors LLC acquired a new position in shares of Grab during the first quarter worth $32,000. Sage Rhino Capital LLC purchased a new position in Grab in the second quarter valued at $38,000. Callan Capital LLC acquired a new stake in Grab in the first quarter valued at $34,000. Finally, Lane & Associates LLC acquired a new position in shares of Grab during the 1st quarter worth about $39,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Trading Up 0.6 %

Shares of Grab stock opened at $3.65 on Friday. The company’s fifty day moving average is $3.44 and its two-hundred day moving average is $3.47. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $3.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00. The company has a market capitalization of $14.32 billion, a P/E ratio of -52.14 and a beta of 0.83.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. The firm had revenue of $664.00 million for the quarter, compared to analysts’ expectations of $674.17 million. During the same quarter in the previous year, the firm posted ($0.03) EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts forecast that Grab Holdings Limited will post -0.04 earnings per share for the current year.

Analysts Set New Price Targets

GRAB has been the topic of several research analyst reports. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Wednesday, September 11th. Mizuho initiated coverage on shares of Grab in a report on Thursday, June 27th. They issued an “outperform” rating and a $5.00 target price for the company. Finally, Jefferies Financial Group cut their price target on shares of Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $4.71.

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.