Grab (NASDAQ:GRAB) Trading Up 5.5% - Should You Buy?

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report)'s share price was up 5.5% on Wednesday . The stock traded as high as $5.07 and last traded at $5.05. Approximately 25,365,736 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 27,902,209 shares. The stock had previously closed at $4.78.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on GRAB shares. 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. Hsbc Global Res raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Mizuho upped their price objective on shares of Grab from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. downgraded shares of Grab from an "overweight" rating to a "neutral" rating in a research note on Wednesday, February 5th. Finally, China Renaissance downgraded shares of Grab from a "buy" rating to a "hold" rating and set a $5.40 price objective for the company. in a research note on Thursday, November 21st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.54.

Grab Trading Down 1.2 %

The firm has a market cap of $19.73 billion, a PE ratio of -245.00, a PEG ratio of 1.95 and a beta of 0.90. 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 stock's fifty day simple moving average is $4.79 and its two-hundred day simple moving average is $4.22.

Institutional Investors Weigh In On Grab

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock worth $166,000 after purchasing an additional 3,147 shares during the period. Blue Trust Inc. grew its holdings in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock worth $35,000 after purchasing an additional 3,408 shares during the period. FNY Investment Advisers LLC grew 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 worth $135,000 after purchasing an additional 3,500 shares during the period. Wedbush Securities Inc. grew its holdings in Grab by 19.1% in the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock worth $103,000 after purchasing an additional 3,500 shares during the period. Finally, Asset Management One Co. Ltd. lifted its stake 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 worth $2,951,000 after buying an additional 3,941 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

About Grab

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.