Grab (NASDAQ:GRAB) Upgraded at CLSA

CLSA upgraded shares of Grab (NASDAQ:GRAB - Free Report) to a moderate buy rating in a research note released on Wednesday, April 9th,Zacks.com reports.

A number of other research analysts also recently issued reports on GRAB. Citigroup reissued a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Benchmark reissued a "buy" rating and set a $6.00 price target on shares of Grab in a research report on Thursday, February 20th. Barclays raised their target price on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research note on Thursday, February 20th. HSBC raised Grab from a "hold" rating to a "buy" rating and dropped their price objective for the company from $5.50 to $5.45 in a research report 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Grab has an average rating of "Moderate Buy" and an average price target of $5.60.

Grab Trading Down 1.2 %

Shares of NASDAQ GRAB traded down $0.05 during midday trading on Wednesday, reaching $4.01. The company had a trading volume of 11,770,679 shares, compared to its average volume of 30,009,965. The firm's fifty day moving average price is $4.53 and its 200-day moving average price is $4.56. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab has a one year low of $2.98 and a one year high of $5.72. The stock has a market cap of $16.15 billion, a PE ratio of -200.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Remove Ads

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. On average, equities research analysts anticipate that Grab will post 0.05 earnings per share for the current year.

Institutional Trading of Grab

Institutional investors and hedge funds have recently bought and sold shares of the stock. Uber Technologies Inc purchased a new stake in shares of Grab in the fourth quarter worth about $2,529,462,000. Toyota Motor Corp bought a new position in shares of Grab during the 4th quarter valued at approximately $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new position in shares of Grab in the fourth quarter valued at $227,718,000. Perpetual Ltd purchased a new position in shares of Grab in the 4th quarter worth $213,177,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Grab by 5,066.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock worth $160,075,000 after acquiring an additional 33,257,610 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

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.