PNC Financial Services Group Inc. Has $188,000 Stock Position in Grab Holdings Limited (NASDAQ:GRAB)

PNC Financial Services Group Inc. lifted its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 33.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,789 shares of the company’s stock after buying an additional 14,015 shares during the period. PNC Financial Services Group Inc.’s holdings in Grab were worth $188,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GRAB. Lake Street Advisors Group LLC increased its holdings in Grab by 0.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock worth $2,465,000 after purchasing an additional 2,972 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Grab by 9.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock valued at $141,000 after buying an additional 3,510 shares during the period. Public Sector Pension Investment Board raised its holdings in Grab by 0.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock valued at $2,365,000 after buying an additional 4,200 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Grab by 0.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 944,627 shares of the company’s stock worth $3,103,000 after buying an additional 5,317 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Grab by 6.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 161,454 shares of the company’s stock worth $544,000 after acquiring an additional 9,524 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Trading Down 0.8 %

Shares of GRAB stock opened at $3.50 on Wednesday. The company has a market cap of $13.73 billion, a P/E ratio of -49.99 and a beta of 0.81. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $3.92. The stock has a 50 day simple moving average of $3.59 and a two-hundred day simple moving average of $3.36. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.22 and a current ratio of 3.26.

Grab (NASDAQ:GRAB) last released its earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The company had revenue of $653.00 million for the quarter, compared to analyst estimates of $662.48 million. Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. Research analysts forecast that Grab Holdings Limited will post -0.01 earnings per share for the current year.

Analyst Ratings Changes

GRAB has been the topic of a number of recent research reports. Barclays lifted their price target on shares of Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. HSBC reaffirmed a “buy” rating and set a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Grab in a research report on Friday, May 17th. They set a “buy” rating and a $4.50 price objective for the company. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Thursday, May 16th. Finally, Mizuho initiated coverage on shares of Grab in a report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price target for the company. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $5.06.

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.