522,682 Shares in Grab Holdings Limited (NASDAQ:GRAB) Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC acquired a new stake in Grab Holdings Limited (NASDAQ:GRAB) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 522,682 shares of the company’s stock, valued at approximately $1,986,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in shares of Grab by 8.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company’s stock valued at $143,000 after purchasing an additional 3,020 shares during the period. Empowered Funds LLC increased its holdings in Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after purchasing an additional 3,147 shares during the last quarter. Blue Trust Inc. lifted its stake in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Grab by 37.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after buying an additional 3,795 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Grab by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after buying an additional 3,941 shares during the period. 55.52% of the stock is owned by institutional investors.

Grab Stock Down 10.6 %

GRAB stock opened at $5.07 on Friday. The business has a 50-day moving average of $4.09 and a 200-day moving average of $3.68. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $5.72. The stock has a market capitalization of $19.89 billion, a P/E ratio of -253.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the prior year, the firm posted ($0.02) EPS. On average, sell-side analysts anticipate that Grab Holdings Limited will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GRAB shares. Evercore ISI lifted their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Mizuho lifted their price target on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays upped their price objective on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $5.42.

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.