Analysts Set Grab Holdings Limited (NASDAQ:GRAB) Price Target at $5.55

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) has received an average rating of "Moderate Buy" from the twelve analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $5.54.

A number of analysts have commented on GRAB shares. JPMorgan Chase & Co. boosted their price target on shares of Grab from $5.00 to $5.70 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. HSBC raised Grab from a "hold" rating to a "buy" rating and decreased their price target for the company from $5.50 to $5.45 in a research note on Tuesday. Benchmark reissued a "buy" rating and issued a $6.00 price objective on shares of Grab in a research note on Tuesday, November 12th. Finally, Evercore ISI raised their target price on Grab from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th.

Grab Stock Performance

GRAB stock traded up $0.57 on Wednesday, reaching $5.11. The company's stock had a trading volume of 77,105,956 shares, compared to its average volume of 26,601,377. Grab has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The company has a market capitalization of $20.58 billion, a P/E ratio of -255.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. The firm has a fifty day moving average of $4.85 and a two-hundred day moving average of $4.15.

Grab (NASDAQ:GRAB - Get Free Report) 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 company had revenue of $716.00 million during the quarter, compared to analysts' expectations of $705.40 million. During the same quarter in the prior year, the business posted ($0.02) earnings per share. As a group, analysts predict that Grab will post -0.02 EPS for the current fiscal year.

Institutional Trading of Grab

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock worth $166,000 after acquiring an additional 3,147 shares in the last quarter. Blue Trust Inc. boosted its stake in Grab by 53.6% in 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 period. FNY Investment Advisers LLC boosted its stake in Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock worth $135,000 after purchasing an additional 3,500 shares during the period. Asset Management One Co. Ltd. grew its position in Grab by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company's stock worth $2,951,000 after purchasing an additional 3,941 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its holdings in shares of Grab by 34.5% in the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company's stock valued at $70,000 after purchasing an additional 4,725 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

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.