Grab Holdings Limited (NASDAQ:GRAB) Given Consensus Rating of “Moderate Buy” by Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $5.53.

A number of equities research analysts have recently weighed in on GRAB shares. Mizuho boosted their target price on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Hsbc Global Res cut shares of Grab from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 5th. Evercore ISI increased their target price on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. 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. Finally, Daiwa Capital Markets started coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective for the company.

Hedge Funds Weigh In On Grab

Several large investors have recently added to or reduced their stakes in GRAB. Point72 Asset Management L.P. bought a new position in Grab during the second quarter valued at about $57,696,000. Wellington Management Group LLP grew its position in shares of Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after acquiring an additional 14,671,388 shares during the period. Tree Line Advisors Hong Kong Ltd. purchased a new stake in shares of Grab during the 3rd quarter worth approximately $38,000,000. Marshall Wace LLP raised its holdings in shares of Grab by 39.7% in the 2nd quarter. Marshall Wace LLP now owns 30,405,993 shares of the company’s stock worth $107,941,000 after purchasing an additional 8,635,310 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Grab by 179.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock valued at $47,357,000 after purchasing an additional 8,004,912 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Up 1.5 %

GRAB opened at $4.81 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm’s fifty day moving average price is $4.87 and its two-hundred day moving average price is $3.97. The company has a market capitalization of $19.37 billion, a P/E ratio of -240.50 and a beta of 0.90. Grab has a fifty-two week low of $2.90 and a fifty-two week high of $5.72.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. The firm had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same period in the previous year, the business earned ($0.02) earnings per share. On average, analysts anticipate that Grab will post -0.03 EPS for the current year.

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.