Grab Holdings Limited (NASDAQ:GRAB) Receives Average Rating of “Moderate Buy” from Analysts

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.55.

A number of brokerages recently commented on GRAB. Mizuho upped their price objective on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays upped their price target on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Finally, Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th.

Grab Stock Up 2.7 %

Shares of NASDAQ:GRAB opened at $4.56 on Wednesday. Grab has a 1-year low of $2.98 and a 1-year high of $5.72. The company’s fifty day moving average is $4.91 and its two-hundred day moving average is $4.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of -228.00, a price-to-earnings-growth ratio of 1.84 and a beta of 0.90.

Grab (NASDAQ:GRAB) last issued its earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter last year, the company posted ($0.02) earnings per share. Equities analysts anticipate that Grab will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Grab

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC increased its holdings in shares of Grab by 13.3% in the fourth quarter. Empowered Funds LLC now owns 49,608 shares of the company’s stock valued at $234,000 after buying an additional 5,820 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Grab by 19.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 264,669 shares of the company’s stock worth $1,249,000 after purchasing an additional 42,824 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock valued at $22,220,000 after purchasing an additional 134,243 shares during the last quarter. Leo Wealth LLC boosted its position in shares of Grab by 109.1% in the 4th quarter. Leo Wealth LLC now owns 37,913 shares of the company’s stock valued at $179,000 after purchasing an additional 19,778 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Grab by 1.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,124,409 shares of the company’s stock valued at $5,307,000 after purchasing an additional 17,517 shares during the period. 55.52% of the stock is currently owned by institutional investors.

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.