Grab Holdings Limited (NASDAQ:GRAB) Receives $5.53 Average PT from Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $5.55.

GRAB has been the subject of a number of recent research reports. HSBC downgraded Grab from a “buy” rating to a “hold” rating and increased their price objective for the company from $4.25 to $5.50 in a research report on Thursday, December 5th. Daiwa Capital Markets initiated coverage on Grab in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target for the company. Evercore ISI lifted their price target on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a report on Thursday, November 21st. Finally, Benchmark reissued a “buy” rating and issued a $6.00 target price on shares of Grab in a research report on Tuesday, November 12th.

Grab Price Performance

Shares of Grab stock opened at $4.63 on Friday. Grab has a 52 week low of $2.90 and a 52 week high of $5.72. 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 stock has a market cap of $18.65 billion, a PE ratio of -231.50 and a beta of 0.90. The company’s 50-day moving average price is $4.91 and its two-hundred day moving average price is $4.00.

Grab (NASDAQ:GRAB) last released its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The business had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same period in the previous year, the firm earned ($0.02) EPS. As a group, sell-side analysts anticipate that Grab will post -0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Grab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its stake in shares of Grab by 18.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,243,162 shares of the company’s stock worth $76,924,000 after acquiring an additional 3,163,309 shares during the last quarter. Tidal Investments LLC grew its stake in Grab by 4,311.8% in the third quarter. Tidal Investments LLC now owns 445,103 shares of the company’s stock valued at $1,691,000 after purchasing an additional 435,014 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Grab in the 3rd quarter worth about $22,434,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Grab in the 3rd quarter worth about $2,757,000. Finally, Caz Investments LP raised its stake in shares of Grab by 100.0% during the 3rd quarter. Caz Investments LP now owns 3,700,232 shares of the company’s stock worth $13,598,000 after purchasing an additional 1,850,116 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

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.