Grab Holdings Limited (NASDAQ:GRAB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $5.60.

GRAB has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price target on Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a research note on Wednesday. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and reduced their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays raised their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, CLSA raised shares of Grab to a “moderate buy” rating in a report on Wednesday, April 9th.

Grab Stock Up 1.9 %

GRAB stock opened at $4.12 on Monday. The stock has a market cap of $16.57 billion, a P/E ratio of -205.75, a PEG ratio of 2.26 and a beta of 0.88. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab has a twelve month low of $2.98 and a twelve month high of $5.72. The company’s 50 day moving average is $4.49 and its two-hundred day moving average is $4.56.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting 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 firm had revenue of $764.00 million during the quarter, compared to analysts’ expectations of $762.57 million. Research analysts expect that Grab will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grab

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ellevest Inc. boosted its holdings in Grab by 3.3% during the fourth quarter. Ellevest Inc. now owns 82,793 shares of the company’s stock worth $391,000 after buying an additional 2,636 shares in the last quarter. Leibman Financial Services Inc. lifted its position in shares of Grab by 1.7% during the 1st quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company’s stock valued at $914,000 after acquiring an additional 3,331 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of Grab by 13.9% during the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after acquiring an additional 3,500 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Grab by 19.1% in the 4th quarter. Wedbush Securities Inc. now owns 21,800 shares of the company’s stock worth $103,000 after acquiring an additional 3,500 shares during the period. Finally, Baldwin Wealth Partners LLC MA increased its stake in Grab by 26.2% in the 1st quarter. Baldwin Wealth Partners LLC MA now owns 17,995 shares of the company’s stock valued at $82,000 after purchasing an additional 3,741 shares in the last quarter. 55.52% of the stock is 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.