Grab Holdings Limited (NASDAQ:GRAB) Receives $5.62 Average PT from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.62.

Several research firms have recently issued reports on GRAB. Barclays upped their price objective on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and upped their price target for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a research report on Thursday, November 21st. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th.

Grab Price Performance

NASDAQ GRAB opened at $4.85 on Friday. The firm’s fifty day simple moving average is $4.74 and its two-hundred day simple moving average is $4.34. The firm has a market capitalization of $19.53 billion, a P/E ratio of -242.50, a P/E/G ratio of 2.26 and a beta of 0.90. 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 12-month low of $2.98 and a 12-month high of $5.72.

Grab (NASDAQ:GRAB) last announced its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $762.57 million. Analysts forecast that Grab will post 0.05 EPS for the current fiscal year.

Institutional Trading of Grab

A number of hedge funds have recently modified their holdings of the stock. Baillie Gifford & Co. raised its position in Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after acquiring an additional 4,259,537 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Grab by 4,311.8% during the 3rd quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock valued at $1,691,000 after purchasing an additional 435,014 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Grab during the 3rd quarter valued at approximately $22,434,000. Leibman Financial Services Inc. acquired a new position in shares of Grab in the 4th quarter valued at $937,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock worth $22,220,000 after buying an additional 134,243 shares in the last quarter. Hedge funds and other 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.