Grab (NASDAQ:GRAB) Trading Down 7.5% - Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report)'s stock price traded down 7.5% during mid-day trading on Monday . The stock traded as low as $3.41 and last traded at $3.45. 39,821,621 shares were traded during mid-day trading, an increase of 36% from the average session volume of 29,300,052 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price objective on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and cut their price objective for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Bank of America upgraded shares of Grab from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Benchmark reissued a "buy" rating and set a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Finally, CLSA raised Grab to a "moderate buy" rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.62.

Grab Stock Up 2.0 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The stock has a market capitalization of $16.31 billion, a price-to-earnings ratio of -202.50, a PEG ratio of 2.26 and a beta of 0.88. The firm's fifty day moving average is $4.56 and its 200-day moving average is $4.56.

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Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million for the quarter, compared to analysts' expectations of $762.57 million. On average, sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Institutional Trading of Grab

Several institutional investors have recently added to or reduced their stakes in GRAB. Uber Technologies Inc bought a new position in Grab in the fourth quarter worth about $2,529,462,000. Toyota Motor Corp acquired a new stake in Grab in the 4th quarter valued at approximately $1,052,117,000. Hanwha Asset Management Co. Ltd. acquired a new position in Grab during the 4th quarter worth $227,718,000. Baillie Gifford & Co. raised its stake in shares of Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock valued at $221,942,000 after purchasing an additional 4,259,537 shares in the last quarter. Finally, Perpetual Ltd bought a new position in Grab in the 4th quarter valued at about $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.