Stock Traders Buy Large Volume of Grab Call Options (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of some unusual options trading on Tuesday. Investors acquired 22,266 call options on the stock. This is an increase of approximately 48% compared to the typical daily volume of 14,998 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on GRAB shares. Barclays raised their price objective on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. HSBC downgraded shares of Grab from a “buy” rating to a “hold” rating and boosted their target price for the company from $4.25 to $5.50 in a research note on Thursday, December 5th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. increased their price target on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a research note on Thursday, November 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.55.

Institutional Investors Weigh In On Grab

A number of hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake in Grab by 18.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,243,162 shares of the company’s stock worth $76,924,000 after purchasing an additional 3,163,309 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Grab by 4,311.8% in the third quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock valued at $1,691,000 after buying an additional 435,014 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Grab during the 3rd quarter worth about $22,434,000. Leibman Financial Services Inc. acquired a new stake in Grab in the 4th quarter valued at about $937,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Grab in the third quarter worth about $2,757,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 1.1 %

Shares of GRAB stock opened at $4.66 on Thursday. Grab has a one year low of $2.98 and a one year high of $5.72. 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 stock has a market cap of $18.77 billion, a P/E ratio of -233.00, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. The stock has a fifty day moving average price of $4.95 and a 200 day moving average price of $4.07.

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