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

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.53.

Several analysts have issued reports on GRAB shares. Benchmark reaffirmed a "buy" rating and issued a $6.00 target price on shares of Grab in a research note on Tuesday, November 12th. Daiwa Capital Markets began coverage on shares of Grab in a research note on Wednesday, October 23rd. They issued an "outperform" rating and a $4.60 price objective for the company. China Renaissance cut shares of Grab from a "buy" rating to a "hold" rating and set a $5.40 target price on the stock. in a research report on Thursday, November 21st. Mizuho upped their price target on shares of Grab from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Finally, Evercore ISI raised their price objective on Grab from $7.00 to $8.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GRAB. Bank of New York Mellon Corp increased its stake in shares of Grab by 52.4% during the second quarter. Bank of New York Mellon Corp now owns 4,837,740 shares of the company's stock valued at $17,174,000 after buying an additional 1,662,479 shares during the period. Principal Financial Group Inc. increased its position in Grab by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 144,649 shares of the company's stock valued at $514,000 after purchasing an additional 11,987 shares during the period. CIBC Asset Management Inc raised its holdings in Grab by 15.5% in the 2nd quarter. CIBC Asset Management Inc now owns 194,435 shares of the company's stock worth $690,000 after purchasing an additional 26,042 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Grab by 16.3% in the 2nd quarter. TD Asset Management Inc now owns 594,362 shares of the company's stock worth $2,110,000 after purchasing an additional 83,096 shares during the period. Finally, Victory Capital Management Inc. bought a new stake in shares of Grab during the 2nd quarter valued at about $327,000. Institutional investors own 55.52% of the company's stock.

Grab Price Performance

Shares of Grab stock traded up $0.07 on Friday, hitting $4.81. 16,941,477 shares of the company traded hands, compared to its average volume of 16,223,288. Grab has a 12-month low of $2.90 and a 12-month high of $5.72. The firm's 50-day simple moving average is $4.87 and its 200 day simple moving average is $3.98. The company has a market cap of $19.37 billion, a P/E ratio of -240.50 and a beta of 0.90. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the previous year, the company posted ($0.02) earnings per share. Analysts expect that Grab will post -0.03 earnings per share for the current fiscal year.

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.