Grab (NASDAQ:GRAB) Given New $5.30 Price Target at JPMorgan Chase & Co.

Grab (NASDAQ:GRAB - Get Free Report) had its target price cut by stock analysts at JPMorgan Chase & Co. from $5.60 to $5.30 in a report released on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 30.22% from the stock's current price.

A number of other equities analysts have also commented on GRAB. Bank of America upgraded Grab from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Hsbc Global Res upgraded Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 4th. Citigroup restated a "buy" rating on shares of Grab in a report on Tuesday, February 4th. Barclays raised their target price on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Finally, HSBC raised shares of Grab from a "hold" rating to a "buy" rating and decreased their target price for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $5.60.

Grab Trading Down 1.0 %

NASDAQ GRAB traded down $0.04 during trading on Wednesday, reaching $4.07. 14,212,300 shares of the stock traded hands, compared to its average volume of 30,039,856. The stock's 50-day moving average price is $4.49 and its 200 day moving average price is $4.57. 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 firm has a market cap of $16.39 billion, a price-to-earnings ratio of -203.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.

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

Institutional Trading of Grab

Institutional investors and hedge funds have recently modified their holdings of the business. Twin Tree Management LP bought a new stake in Grab during the fourth quarter valued at approximately $25,000. Campbell Capital Management Inc. bought a new position in shares of Grab during the fourth quarter worth $30,000. Global Retirement Partners LLC purchased a new position in shares of Grab during the fourth quarter valued at about $30,000. TD Private Client Wealth LLC raised its holdings in shares of Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock worth $38,000 after acquiring an additional 7,890 shares in the last quarter. Finally, Allianz SE purchased a new position in shares of Grab in the 4th quarter worth $44,000. 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.