Mitsubishi UFJ Trust & Banking Corp Purchases 172,137 Shares of Grab Holdings Limited $GRAB

Mitsubishi UFJ Trust & Banking Corp increased its position in Grab Holdings Limited (NASDAQ:GRAB) by 12.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,509,480 shares of the company’s stock after purchasing an additional 172,137 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Grab were worth $9,087,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Miracle Mile Advisors LLC raised its stake in Grab by 6.4% in the third quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock valued at $200,000 after buying an additional 2,007 shares during the period. Centurion Wealth Management LLC increased its holdings in shares of Grab by 4.4% during the 3rd quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock worth $294,000 after acquiring an additional 2,049 shares during the last quarter. Pitcairn Co. lifted its holdings in Grab by 11.0% during the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after purchasing an additional 2,080 shares during the last quarter. Leibman Financial Services Inc. lifted its holdings in Grab by 1.0% during the 3rd quarter. Leibman Financial Services Inc. now owns 223,884 shares of the company’s stock valued at $1,348,000 after purchasing an additional 2,141 shares during the last quarter. Finally, J2 Capital Management Inc boosted its position in Grab by 21.5% during the second quarter. J2 Capital Management Inc now owns 12,189 shares of the company’s stock worth $61,000 after purchasing an additional 2,155 shares during the period. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Down 3.4%

NASDAQ GRAB opened at $4.53 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The company has a market cap of $18.24 billion, a price-to-earnings ratio of 113.28 and a beta of 0.90. The company has a 50 day moving average of $4.97 and a 200-day moving average of $5.34. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $873.00 million for the quarter, compared to analyst estimates of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. On average, equities research analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research note on Friday, January 16th. Barclays raised their price objective on shares of Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 11th. Benchmark upped their target price on Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Jefferies Financial Group reissued a “buy” rating and set a $7.00 price target on shares of Grab in a report on Tuesday, November 4th. Finally, Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $6.47.

Grab Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.