M&T Bank Corp Has $1.27 Million Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

M&T Bank Corp lifted its stake in Grab Holdings Limited (NASDAQ:GRAB) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 335,179 shares of the company’s stock after acquiring an additional 5,545 shares during the quarter. M&T Bank Corp’s holdings in Grab were worth $1,274,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GRAB. Blue Trust Inc. increased its position in shares of Grab by 53.6% during the 3rd 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 last quarter. Traynor Capital Management Inc. acquired a new position in Grab during the third quarter worth $41,000. Sage Rhino Capital LLC bought a new stake in Grab during the second quarter worth $38,000. Glenmede Trust Co. NA bought a new stake in Grab during the third quarter worth $53,000. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Grab by 37.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after acquiring an additional 3,795 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Down 1.0 %

GRAB opened at $5.13 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a fifty day moving average of $4.55 and a 200-day moving average of $3.85. Grab Holdings Limited has a fifty-two week low of $2.90 and a fifty-two week high of $5.72. The company 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 posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The firm 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 firm posted ($0.02) EPS. On average, equities analysts expect that Grab Holdings Limited will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

GRAB has been the topic of several recent analyst reports. Daiwa Capital Markets began coverage on shares of Grab in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 target price on the stock. JPMorgan Chase & Co. upped their price objective on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Evercore ISI lifted their target price on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. HSBC cut Grab from a “buy” rating to a “hold” rating and increased their price target for the company from $4.25 to $5.50 in a research note on Thursday, December 5th. Finally, China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.53.

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.