Grab Holdings Limited (NASDAQ:GRAB - Get Free Report)'s share price was up 3.9% during mid-day trading on Wednesday . The stock traded as high as $4.76 and last traded at $4.72. Approximately 13,947,219 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 28,076,227 shares. The stock had previously closed at $4.54.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Benchmark restated a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price objective for the company in a research report on Friday, February 21st. Citigroup reiterated a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and reduced their price target for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Finally, Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Grab has an average rating of "Moderate Buy" and an average target price of $5.62.
View Our Latest Analysis on GRAB
Grab Stock Performance
The company has a market cap of $18.40 billion, a PE ratio of -228.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The company's 50 day moving average price is $4.68 and its 200-day moving average price is $4.51.
Grab (NASDAQ:GRAB - Get Free Report) last posted its 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 return on equity of 1.63% and a negative net margin of 3.72%. The business had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Grab
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ellevest Inc. increased its stake in shares of Grab by 3.3% in the 4th quarter. Ellevest Inc. now owns 82,793 shares of the company's stock worth $391,000 after acquiring an additional 2,636 shares in the last quarter. FNY Investment Advisers LLC lifted its holdings in Grab by 13.9% in the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock valued at $135,000 after acquiring an additional 3,500 shares during the period. Wedbush Securities Inc. grew its position in Grab by 19.1% during the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock valued at $103,000 after buying an additional 3,500 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in Grab by 40.6% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company's stock valued at $69,000 after purchasing an additional 4,250 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Grab by 1.3% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 351,346 shares of the company's stock worth $1,658,000 after acquiring an additional 4,412 shares during the period. Institutional investors own 55.52% of the company's stock.
About Grab
(
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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