Grab Holdings Limited (NASDAQ:GRAB) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its position in Grab Holdings Limited (NASDAQ:GRAB) by 0.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,106,892 shares of the company’s stock after selling 7,196 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Grab were worth $4,206,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after buying an additional 3,408 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in Grab in the 1st quarter worth about $32,000. Miracle Mile Advisors LLC acquired a new stake in Grab in the 1st quarter worth about $32,000. Sage Rhino Capital LLC acquired a new position in shares of Grab during the 2nd quarter worth approximately $38,000. Finally, Callan Capital LLC acquired a new position in shares of Grab during the 1st quarter worth approximately $34,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Daiwa Capital Markets assumed coverage on Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price on the stock. Finally, Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a report on Wednesday, September 11th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $4.70.

Grab Price Performance

GRAB stock opened at $4.17 on Wednesday. The firm has a market cap of $16.36 billion, a PE ratio of -59.57 and a beta of 0.83. 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 firm’s 50 day moving average price is $3.61 and its 200-day moving average price is $3.53. Grab Holdings Limited has a one year low of $2.90 and a one year high of $4.32.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, August 15th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $664.00 million for the quarter, compared to analyst estimates of $674.17 million. Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.03) EPS. On average, equities research analysts anticipate that Grab Holdings Limited will post -0.04 EPS for the current year.

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.