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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given 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 $5.60.

A number of equities analysts have recently commented on GRAB shares. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and raised their target price for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and dropped their price target for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Citigroup restated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th.

Hedge Funds Weigh In On Grab

A number of institutional investors and hedge funds have recently bought and sold shares of GRAB. Uber Technologies Inc acquired a new position in Grab during the fourth quarter worth about $2,529,462,000. Toyota Motor Corp acquired a new position in shares of Grab during the 4th quarter valued at about $1,052,117,000. Hanwha Asset Management Co. Ltd. bought a new position in shares of Grab in the fourth quarter valued at approximately $227,718,000. Baillie Gifford & Co. lifted its position in Grab by 10.0% during the 4th quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after acquiring an additional 4,259,537 shares during the last quarter. Finally, Perpetual Ltd acquired a new position in shares of Grab during the 4th quarter worth about $213,177,000. Institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Shares of GRAB opened at $4.12 on Monday. Grab has a 12-month low of $2.98 and a 12-month high of $5.72. The stock has a market cap of $16.57 billion, a P/E ratio of -205.75, a PEG ratio of 2.26 and a beta of 0.88. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $4.49 and a two-hundred day moving average of $4.57.

Grab (NASDAQ:GRAB) last announced its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, research analysts predict that Grab will post 0.05 EPS for the current fiscal 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.