Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) saw strong trading volume on Wednesday after Barclays raised their price target on the stock from $4.70 to $5.50. Barclays currently has an overweight rating on the stock. 15,538,405 shares were traded during mid-day trading, a decline of 36% from the previous session's volume of 24,228,771 shares.The stock last traded at $4.80 and had previously closed at $4.89.
Several other research firms also recently commented on GRAB. 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 target for the company. JPMorgan Chase & Co. lifted their price objective on Grab from $5.00 to $5.70 and gave the company an "overweight" rating in a research note on Tuesday. Evercore ISI raised their target price on shares of Grab from $7.00 to $8.00 and gave the company an "outperform" rating in a report on Tuesday. Mizuho increased their price objective on shares of Grab from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Jefferies Financial Group reduced their price objective on shares of Grab from $5.00 to $4.70 and set a "buy" rating on the stock in a report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $5.48.
View Our Latest Research Report on Grab
Institutional Investors Weigh In On Grab
Institutional investors and hedge funds have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its position in shares of Grab by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company's stock worth $143,000 after purchasing an additional 3,020 shares in the last quarter. Empowered Funds LLC grew its stake in Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock worth $166,000 after buying an additional 3,147 shares during the last quarter. Blue Trust Inc. increased its position in Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock worth $35,000 after buying an additional 3,408 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in Grab by 37.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company's stock valued at $50,000 after buying an additional 3,795 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Grab by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company's stock valued at $2,951,000 after acquiring an additional 3,941 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.
Grab Stock Performance
The business's 50-day moving average price is $3.81 and its 200-day moving average price is $3.59. The company has a current ratio of 3.00, a quick ratio of 2.97 and a debt-to-equity ratio of 0.03.
Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The firm had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. During the same period in the prior year, the business earned ($0.02) EPS. Analysts anticipate that Grab Holdings Limited will post -0.04 earnings per share for the current year.
Grab Company Profile
(
Get Free Report)
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.
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