Shares of Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $6.11.
A number of brokerages have recently issued reports on GRAB. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. KeyCorp set a $7.00 price target on shares of Grab in a research report on Wednesday, September 16th. Bank of America reiterated a “buy” rating on shares of Grab in a research note on Friday. Morgan Stanley reissued an “overweight” rating and set a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. Finally, Weiss Ratings lowered shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th.
View Our Latest Report on GRAB
Insider Buying and Selling
Institutional Investors Weigh In On Grab
Several large investors have recently modified their holdings of GRAB. Andra AP fonden lifted its holdings in shares of Grab by 27.6% during the second quarter. Andra AP fonden now owns 1,707,100 shares of the company’s stock worth $6,436,000 after purchasing an additional 369,700 shares during the period. Tidal Investments LLC grew its position in Grab by 6.2% in the 2nd quarter. Tidal Investments LLC now owns 487,340 shares of the company’s stock valued at $1,837,000 after buying an additional 28,398 shares during the last quarter. National Pension Service increased its stake in Grab by 40.6% in the 2nd quarter. National Pension Service now owns 217,156 shares of the company’s stock valued at $819,000 after buying an additional 62,686 shares during the period. Engineers Gate Manager LP acquired a new position in Grab in the 2nd quarter valued at $621,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Grab during the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.
Grab Price Performance
Grab stock opened at $3.12 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. The company has a fifty day simple moving average of $3.37 and a 200-day simple moving average of $3.57. The stock has a market cap of $12.78 billion, a P/E ratio of 52.01, a price-to-earnings-growth ratio of 0.81 and a beta of 0.89. Grab has a 12-month low of $2.74 and a 12-month high of $6.60.
Grab (NASDAQ:GRAB – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $997.00 million during the quarter, compared to analysts’ expectations of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. Equities analysts expect that Grab will post 0.13 EPS for the current fiscal year.
About Grab
Grab Holdings Limited is a Singapore-based technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with everyday services through a single digital application.
The company’s main businesses include mobility services such as ride-hailing and taxi bookings, food and grocery delivery, and digital payments. Grab also provides financial services, including digital wallets, lending, insurance and other financial products, subject to local regulations.
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