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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $5.53.

GRAB has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Grab in a research note on Tuesday, November 12th. HSBC cut shares of Grab from a “buy” rating to a “hold” rating and upped their price objective for the company from $4.25 to $5.50 in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their target price on Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Finally, Barclays increased their price target on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a report on Wednesday, November 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after acquiring an additional 14,671,388 shares during the last quarter. Baillie Gifford & Co. bought a new stake in Grab during the second quarter valued at $166,587,000. Coronation Fund Managers Ltd. increased its stake in Grab by 29.7% during the second quarter. Coronation Fund Managers Ltd. now owns 45,452,613 shares of the company’s stock valued at $161,357,000 after purchasing an additional 10,410,574 shares during the last quarter. State Street Corp lifted its position in shares of Grab by 2.3% in the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company’s stock worth $165,567,000 after buying an additional 967,233 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Grab by 39.7% in the 2nd quarter. Marshall Wace LLP now owns 30,405,993 shares of the company’s stock valued at $107,941,000 after buying an additional 8,635,310 shares during the period. Institutional investors own 55.52% of the company’s stock.

Grab Stock Down 1.0 %

Shares of NASDAQ GRAB opened at $5.13 on Tuesday. The stock has a fifty day moving average price of $4.55 and a 200 day moving average price of $3.85. 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 12-month low of $2.90 and a 12-month high of $5.72. The company has a market cap of $20.66 billion, a P/E ratio of -256.50 and a beta of 0.90.

Grab (NASDAQ:GRAB) last posted its earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter last year, the firm earned ($0.02) earnings per share. Research analysts anticipate that Grab will post -0.03 EPS for the current fiscal year.

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.