Shares of Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) have received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $6.0056.
A number of analysts recently weighed in on the stock. Barclays decreased their target price on shares of Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Benchmark restated a “buy” rating on shares of Grab in a research report on Tuesday, August 4th. Morgan Stanley reaffirmed an “overweight” rating and issued a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings lowered Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th.
Read Our Latest Analysis on GRAB
Grab Price Performance
Grab (NASDAQ:GRAB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Grab had a net margin of 15.97% and a return on equity of 8.83%. The firm had revenue of $997.00 million for the quarter, compared to the consensus estimate of $994.97 million. On average, equities analysts predict that Grab will post 0.13 EPS for the current fiscal year.
Insider Activity at Grab
In other Grab news, CEO Ping Tan sold 400,000 shares of Grab stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $3.91, for a total transaction of $1,564,000.00. Following the completion of the sale, the chief executive officer directly owned 28,498 shares in the company, valued at $111,427.18. The trade was a 93.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $3.64, for a total transaction of $109,200.00. Following the completion of the transaction, the insider directly owned 3,988,735 shares of the company’s stock, valued at approximately $14,518,995.40. This represents a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,725,442 shares of company stock valued at $6,275,155 in the last ninety days. Insiders own 3.60% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRAB. Allianz Asset Management GmbH lifted its stake in Grab by 28.1% during the second quarter. Allianz Asset Management GmbH now owns 2,069,000 shares of the company’s stock worth $7,800,000 after purchasing an additional 453,813 shares during the last quarter. Amundi increased its position in shares of Grab by 6.9% during the 2nd quarter. Amundi now owns 12,522,874 shares of the company’s stock valued at $47,211,000 after purchasing an additional 810,651 shares during the last quarter. VPR Management LLC purchased a new position in shares of Grab during the 2nd quarter valued at about $829,000. Vanguard Capital Wealth Advisors purchased a new position in shares of Grab during the 2nd quarter valued at about $143,000. Finally, Two Sigma Securities LLC lifted its position in Grab by 114.5% in the 2nd quarter. Two Sigma Securities LLC now owns 303,096 shares of the company’s stock worth $1,143,000 after buying an additional 161,821 shares during the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.
About Grab
Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.
Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.
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