Grab Holdings Limited (NASDAQ:GRAB) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $5.62.

A number of equities analysts have issued reports on the stock. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. CLSA upgraded shares of Grab to a "moderate buy" rating in a report on Wednesday, April 9th. Benchmark reiterated a "buy" rating and issued a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Citigroup reiterated 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 decreased their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th.

Grab Stock Up 2.0 %

Shares of Grab stock traded up $0.08 during midday trading on Monday, hitting $4.06. The company's stock had a trading volume of 17,962,028 shares, compared to its average volume of 30,078,261. The stock has a 50-day simple moving average of $4.53 and a 200-day simple moving average of $4.56. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $16.35 billion, a P/E ratio of -203.00, a PEG ratio of 2.26 and a beta of 0.88. Grab has a 1-year low of $2.98 and a 1-year high of $5.72.

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Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The firm had revenue of $764.00 million during 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%. As a group, sell-side analysts expect that Grab will post 0.05 earnings per share for the current year.

Institutional Trading of Grab

A number of hedge funds have recently bought and sold shares of the company. Uber Technologies Inc bought a new position in shares of Grab during the fourth quarter valued at about $2,529,462,000. Toyota Motor Corp bought a new stake in Grab in the fourth quarter valued at approximately $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new stake in shares of Grab during the fourth quarter valued at approximately $227,718,000. Baillie Gifford & Co. grew its holdings in shares of Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after purchasing an additional 4,259,537 shares during the last quarter. Finally, Perpetual Ltd purchased a new position in shares of Grab in the fourth quarter worth $213,177,000. Institutional investors own 55.52% of the company's stock.

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.