Grab Target of Unusually Large Options Trading (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) saw some unusual options trading activity on Tuesday. Stock investors acquired 10,837 call options on the company. This is an increase of 235% compared to the typical volume of 3,234 call options.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Grab in a report on Wednesday, September 11th. Jefferies Financial Group decreased their target price on shares of Grab from $5.00 to $4.70 and set a "buy" rating for the company in a report on Wednesday, July 17th. Finally, Mizuho assumed coverage on shares of Grab in a report on Thursday, June 27th. They issued an "outperform" rating and a $5.00 target price for the company. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $4.71.

Hedge Funds Weigh In On Grab

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. bought a new position in Grab during the second quarter worth $166,587,000. Coronation Fund Managers Ltd. increased its position in Grab by 116.3% during the first quarter. Coronation Fund Managers Ltd. now owns 35,042,039 shares of the company's stock worth $110,032,000 after acquiring an additional 18,839,407 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Grab during the first quarter worth $52,920,000. Point72 Asset Management L.P. bought a new position in Grab during the second quarter worth $57,696,000. Finally, Marshall Wace LLP increased its position in Grab by 39.7% during the second quarter. Marshall Wace LLP now owns 30,405,993 shares of the company's stock worth $107,941,000 after acquiring an additional 8,635,310 shares during the period. Institutional investors own 55.52% of the company's stock.

Grab Stock Up 3.2 %

Shares of GRAB stock traded up $0.13 during trading on Tuesday, hitting $4.16. 68,331,242 shares of the company were exchanged, compared to its average volume of 23,444,637. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of -59.57 and a beta of 0.83. The business's 50-day simple moving average is $3.50 and its 200 day simple moving average is $3.49. Grab has a twelve month low of $2.90 and a twelve month high of $4.22.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $664.00 million for the quarter, compared to analyst estimates of $674.17 million. Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The company's revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.03) earnings per share. As a group, analysts forecast that Grab will post -0.04 EPS for the current fiscal year.

Grab Company Profile

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.