Nomura Asset Management Co. Ltd. Buys 9,600 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Nomura Asset Management Co. Ltd. raised its stake in Grab Holdings Limited (NASDAQ:GRAB) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 583,500 shares of the company’s stock after buying an additional 9,600 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Grab were worth $2,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GRAB. Sequoia Financial Advisors LLC raised its position 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 acquiring an additional 3,020 shares during the period. Empowered Funds LLC increased its stake 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 in the last quarter. Blue Trust Inc. raised its holdings in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in shares of 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 purchasing an additional 3,795 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Grab by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock valued at $2,951,000 after buying an additional 3,941 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GRAB. Daiwa Capital Markets began coverage on Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price on the stock. Hsbc Global Res cut Grab from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 5th. Bank of America cut Grab from a “buy” rating to an “underperform” rating and set a $4.90 target price for the company. in a research note on Friday, November 22nd. China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a report on Thursday, November 21st. Finally, Evercore ISI raised their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.53.

Grab Stock Down 1.0 %

Shares of GRAB stock opened at $5.13 on Friday. The firm’s fifty day moving average price is $4.55 and its two-hundred day moving average price is $3.85. 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 Holdings Limited has a 1 year low of $2.90 and a 1 year high of $5.72. The firm has a market capitalization of $20.66 billion, a P/E ratio of -256.50 and a beta of 0.90.

Grab (NASDAQ:GRAB) last released its earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $716.00 million for 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 previous year, the business earned ($0.02) earnings per share. On average, equities analysts predict that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

About Grab

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.