Grab (NASDAQ:GRAB) Shares Gap Up – Should You Buy?

Shares of Grab Holdings Limited (NASDAQ:GRAB) gapped up prior to trading on Monday . The stock had previously closed at $4.90, but opened at $5.17. Grab shares last traded at $5.2750, with a volume of 12,372,327 shares changing hands.

Wall Street Analysts Forecast Growth

GRAB has been the topic of a number of recent research reports. Wall Street Zen lowered Grab from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Mizuho set a $7.00 price target on Grab in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Barclays lifted their target price on shares of Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Finally, HSBC reiterated a “hold” rating and issued a $6.20 target price on shares of Grab in a report on Wednesday, September 17th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.37.

Grab Stock Up 0.7%

The business’s 50 day moving average price is $5.85 and its 200-day moving average price is $5.32. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83. The firm has a market capitalization of $21.24 billion, a PE ratio of 131.41 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced its earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The firm had revenue of $873.00 million during the quarter, compared to analysts’ expectations of $870.44 million. Grab has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Grab

A number of hedge funds and other institutional investors have recently bought and sold shares of GRAB. Advisory Services Network LLC purchased a new stake in Grab during the third quarter worth about $38,000. AlphaCore Capital LLC purchased a new stake in Grab during the 2nd quarter worth approximately $33,000. Larson Financial Group LLC lifted its holdings in Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after buying an additional 6,500 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Grab by 51.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after buying an additional 2,634 shares during the period. Finally, Summit Securities Group LLC grew its stake in shares of Grab by 63.6% in the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock worth $37,000 after acquiring an additional 3,199 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

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.