Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the thirteen research firms that are covering the firm, Marketbeat.com 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $5.62.
GRAB has been the subject of several recent analyst reports. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a research note on Friday, February 21st. Benchmark reiterated a "buy" rating and set a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Citigroup restated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Finally, HSBC raised Grab from a "hold" rating to a "buy" rating and lowered their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th.
Check Out Our Latest Stock Report on Grab
Grab Stock Performance
Shares of NASDAQ:GRAB traded up $0.06 during trading hours on Thursday, hitting $4.64. The stock had a trading volume of 23,244,940 shares, compared to its average volume of 28,110,138. Grab has a 1-year low of $2.98 and a 1-year high of $5.72. The firm has a market capitalization of $18.69 billion, a price-to-earnings ratio of -232.00, a PEG ratio of 2.26 and a beta of 0.88. The stock's fifty day simple moving average is $4.66 and its 200 day simple moving average is $4.47. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.
Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Sell-side analysts anticipate that Grab will post 0.05 earnings per share for the current fiscal year.
Institutional Trading of Grab
A number of hedge funds have recently bought and sold shares of GRAB. Metis Global Partners LLC increased its position in shares of Grab by 10.9% in the third quarter. Metis Global Partners LLC now owns 53,262 shares of the company's stock worth $202,000 after acquiring an additional 5,221 shares in the last quarter. CIBC Asset Management Inc grew its position in Grab by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 203,901 shares of the company's stock worth $775,000 after purchasing an additional 9,466 shares in the last quarter. Empowered Funds LLC raised its stake in Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock valued at $166,000 after purchasing an additional 3,147 shares during the period. Swiss National Bank lifted its holdings in shares of Grab by 0.9% in the third quarter. Swiss National Bank now owns 6,274,800 shares of the company's stock valued at $23,844,000 after purchasing an additional 55,100 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Grab in the third quarter worth $2,757,000. 55.52% of the stock is owned by hedge funds and other institutional investors.
About Grab
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Get Free ReportGrab 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.
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