Grab Holdings Limited (NASDAQ:GRAB) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $5.62.

Several brokerages recently commented on GRAB. Bank of America raised Grab from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Citigroup reaffirmed a "buy" rating on shares of Grab in a report on Tuesday, February 4th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and reduced their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. China Renaissance cut Grab from a "buy" rating to a "hold" rating and set a $5.40 price target for the company. in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. upgraded Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a research report on Friday, February 21st.

Institutional Trading of Grab

Institutional investors have recently made changes to their positions in the business. Uber Technologies Inc bought a new position in Grab during the fourth quarter valued at approximately $2,529,462,000. Toyota Motor Corp purchased a new position in Grab during the 4th quarter worth $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new position in Grab during the 4th quarter worth $227,718,000. Perpetual Ltd purchased a new position in shares of Grab in the 4th quarter valued at $213,177,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Grab by 5,066.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after purchasing an additional 33,257,610 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

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Grab Trading Up 6.8 %

GRAB opened at $4.87 on Friday. The business has a 50 day moving average of $4.75 and a 200-day moving average of $4.32. The stock has a market cap of $19.61 billion, a PE ratio of -243.50, a PEG ratio of 2.26 and a beta of 0.90. Grab has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Equities research analysts predict that Grab will post 0.05 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.