Blue Trust Inc. Has $35,000 Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

Blue Trust Inc. grew its holdings in Grab Holdings Limited (NASDAQ:GRAB) by 53.6% during the third quarter, Holdings Channel reports. The firm owned 9,767 shares of the company’s stock after acquiring an additional 3,408 shares during the quarter. Blue Trust Inc.’s holdings in Grab were worth $35,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GRAB. Dorsey & Whitney Trust CO LLC acquired a new position in Grab during the 1st quarter worth approximately $32,000. Sage Rhino Capital LLC acquired a new position in Grab during the 2nd quarter worth approximately $38,000. Callan Capital LLC acquired a new position in Grab during the 1st quarter worth approximately $34,000. Prospect Financial Services LLC acquired a new position in Grab during the 2nd quarter worth approximately $53,000. Finally, Pitcairn Co. acquired a new position in Grab during the 1st quarter worth approximately $57,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GRAB has been the topic of a number of research reports. Daiwa Capital Markets initiated coverage on Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their price objective on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Grab has an average rating of “Buy” and a consensus price target of $4.70.

Grab Stock Performance

Shares of Grab stock opened at $4.07 on Friday. The company has a market cap of $15.97 billion, a PE ratio of -81.40 and a beta of 0.83. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $4.32. The business has a 50 day moving average price of $3.66 and a 200-day moving average price of $3.54. The company has a quick ratio of 2.97, a current ratio of 3.00 and a debt-to-equity ratio of 0.03.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $664.00 million during the quarter, compared to analyst estimates of $674.17 million. Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. Grab’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) earnings per share. Equities analysts anticipate that Grab Holdings Limited will post -0.04 earnings per share 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.