Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) saw unusually large options trading on Thursday. Stock investors acquired 198,380 call options on the stock. This represents an increase of 651% compared to the average daily volume of 26,433 call options.
Analysts Set New Price Targets
Several brokerages recently weighed in on GRAB. Evercore ISI increased their price objective on Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 12th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and lowered their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays raised their price target on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Finally, Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $5.62.
Check Out Our Latest Research Report on GRAB
Grab Stock Performance
Shares of NASDAQ GRAB traded up $0.08 during midday trading on Friday, reaching $4.87. 39,458,352 shares of the company were exchanged, compared to its average volume of 35,753,273. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab has a 1 year low of $2.98 and a 1 year high of $5.72. The stock has a fifty day simple moving average of $4.77 and a 200 day simple moving average of $4.27. The stock has a market cap of $19.59 billion, a P/E ratio of -245.25, a PEG ratio of 2.23 and a beta of 0.90.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. On average, research analysts forecast that Grab will post -0.02 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grab
A number of institutional investors have recently added to or reduced their stakes in the business. Ellevest Inc. boosted its holdings in Grab by 3.3% in the 4th quarter. Ellevest Inc. now owns 82,793 shares of the company's stock valued at $391,000 after purchasing an additional 2,636 shares in the last quarter. Empowered Funds LLC boosted its holdings in Grab by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock valued at $166,000 after purchasing an additional 3,147 shares in the last quarter. Blue Trust Inc. boosted its holdings in Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company's stock valued at $35,000 after purchasing an additional 3,408 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Grab by 13.9% in the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company's stock valued at $135,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in Grab by 19.1% in the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company's stock valued at $103,000 after purchasing an additional 3,500 shares in the last quarter. Hedge funds and other 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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