Grab Holdings Limited (NASDAQ:GRAB) Stock Has Consensus Price Target of $6.11 According to Brokerages

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

In related news, insider Chin Ong sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.43, for a total value of $130,340.00. Following the transaction, the insider owned 3,632,611 shares in the company, valued at $12,459,855.73. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Hungate purchased 299,571 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of $2.89 per share, for a total transaction of $865,760.19. Following the transaction, the chief operating officer directly owned 6,411,550 shares in the company, valued at $18,529,379.50. This trade represents a 4.90% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders sold 1,219,349 shares of company stock worth $4,459,375. Corporate insiders own 3.60% of the company’s stock.

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

(Get Free Report)

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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Analyst Recommendations for Grab (NASDAQ:GRAB)

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