Traders Purchase High Volume of Grab Call Options (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 15,532 call options on the stock. This is an increase of approximately 98% compared to the average volume of 7,853 call options.

Grab Stock Performance

Grab stock opened at $3.50 on Thursday. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of -35.00 and a beta of 0.81. Grab has a 12 month low of $2.67 and a 12 month high of $3.92. The company has a current ratio of 3.90, a quick ratio of 3.87 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $3.28 and its two-hundred day simple moving average is $3.23.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $653.00 million during the quarter, compared to analyst estimates of $633.82 million. Grab had a negative return on equity of 6.77% and a negative net margin of 18.43%. Grab’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.10) EPS. As a group, equities analysts predict that Grab will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. Barclays reduced their price objective on Grab from $4.50 to $4.30 and set an “overweight” rating on the stock in a research report on Monday, February 5th. HSBC reaffirmed a “buy” rating and issued a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Finally, Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Grab in a research note on Monday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Grab has a consensus rating of “Buy” and an average target price of $5.10.

Institutional Investors Weigh In On Grab

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Lake Street Advisors Group LLC grew its stake in Grab by 0.4% during the third quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock valued at $2,465,000 after acquiring an additional 2,972 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Grab by 9.2% during the fourth quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock valued at $141,000 after purchasing an additional 3,510 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Grab by 9.5% in the third quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock worth $148,000 after purchasing an additional 3,632 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Grab by 0.6% in the third quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock worth $2,365,000 after buying an additional 4,200 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Grab by 1.7% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 301,543 shares of the company’s stock valued at $1,067,000 after buying an additional 5,003 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

About Grab

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.