Grab Sees Unusually High Options Volume (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of unusually large options trading on Thursday. Stock traders acquired 44,246 call options on the stock. This represents an increase of 565% compared to the typical volume of 6,656 call options.

Grab Stock Performance

NASDAQ GRAB opened at $3.37 on Friday. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of -33.70 and a beta of 0.91. Grab has a twelve month low of $2.67 and a twelve month high of $3.92. The stock has a fifty day simple moving average of $3.24 and a 200 day simple moving average of $3.23. The company has a quick ratio of 3.87, a current ratio of 3.90 and a debt-to-equity ratio of 0.10.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. Grab had a negative return on equity of 6.77% and a negative net margin of 18.43%. Grab’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.10) earnings per share. Sell-side analysts expect that Grab will post 0.01 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on GRAB shares. Barclays cut their target price on Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a research note on Monday, February 5th. HSBC restated a “buy” rating and set a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and increased their price target for the company from $3.60 to $3.80 in a research note on Thursday, January 18th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $5.10.

Institutional Trading of Grab

Large investors have recently bought and sold shares of the business. Deutsche Bank AG grew its holdings in Grab by 2.4% during the 3rd quarter. Deutsche Bank AG now owns 2,964,633 shares of the company’s stock worth $10,495,000 after acquiring an additional 69,792 shares during the period. FMR LLC grew its holdings in Grab by 2,898.6% during the 3rd quarter. FMR LLC now owns 4,581,183 shares of the company’s stock worth $16,217,000 after acquiring an additional 4,428,407 shares during the period. Compagnie Lombard Odier SCmA grew its holdings in Grab by 33.8% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,206,523 shares of the company’s stock worth $7,811,000 after acquiring an additional 557,288 shares during the period. Public Sector Pension Investment Board grew its holdings in Grab by 0.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock worth $2,365,000 after acquiring an additional 4,200 shares during the period. Finally, Kinetic Partners Management LP acquired a new stake in Grab during the 3rd quarter worth about $23,176,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

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.