Healthcare of Ontario Pension Plan Trust Fund Acquires New Shares in Grab Holdings Limited (NASDAQ:GRAB)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Grab Holdings Limited (NASDAQ:GRAB) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,903,600 shares of the company’s stock, valued at approximately $22,434,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.15% of Grab as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of 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. Traynor Capital Management Inc. acquired a new position in Grab in the 3rd quarter valued at approximately $41,000. Sage Rhino Capital LLC bought a new position in shares of Grab during the second quarter valued at $38,000. Glenmede Trust Co. NA acquired a new position in shares of Grab during the third quarter worth $53,000. Finally, Dorsey & Whitney Trust CO LLC grew its stake in shares of Grab by 37.0% in 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 during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $5.18 on Friday. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of -259.00 and a beta of 0.81. The stock’s 50 day moving average is $4.19 and its 200-day moving average is $3.71. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on GRAB shares. Evercore ISI lifted their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Mizuho lifted their target price on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Daiwa Capital Markets assumed coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock. Bank of America downgraded Grab from a “buy” rating to an “underperform” rating and set a $4.90 price objective on the stock. in a research note on Friday, November 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.