Grab (NASDAQ:GRAB) Price Target Lowered to $5.30 at JPMorgan Chase & Co.

Grab (NASDAQ:GRAB) had its target price lowered by JPMorgan Chase & Co. from $5.60 to $5.30 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. Barclays lifted their target price on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and raised their price target for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, CLSA raised Grab to a “moderate buy” rating in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.60.

Grab Price Performance

Shares of GRAB opened at $4.04 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The company has a market capitalization of $16.27 billion, a price-to-earnings ratio of -202.00, a P/E/G ratio of 2.26 and a beta of 0.88. The business’s 50-day moving average is $4.52 and its 200-day moving average is $4.56. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.

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

Institutional Trading of Grab

Several institutional investors have recently modified their holdings of GRAB. Twin Tree Management LP acquired a new position in shares of Grab in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new position in Grab in the fourth quarter worth about $30,000. Campbell Capital Management Inc. bought a new position in Grab during the fourth quarter worth about $30,000. TD Private Client Wealth LLC grew its stake in shares of Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE acquired a new position in shares of Grab in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds 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.