Grab Holdings Limited (NASDAQ:GRAB) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $4.71.

GRAB has been the subject of several recent analyst reports. Jefferies Financial Group decreased their target price on Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Mizuho assumed coverage on shares of Grab in a research report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price objective for the company. Finally, Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Wednesday, September 11th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GRAB. Sequoia Financial Advisors LLC boosted its stake in Grab by 8.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company’s stock valued at $143,000 after purchasing an additional 3,020 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in Grab by 37.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after buying an additional 3,795 shares in the last quarter. Cigna Investments Inc. New raised its position in Grab by 12.9% in the 2nd quarter. Cigna Investments Inc. New now owns 40,269 shares of the company’s stock valued at $143,000 after buying an additional 4,595 shares during the last quarter. Finally, Lake Street Advisors Group LLC lifted its stake in Grab by 0.7% during the 2nd quarter. Lake Street Advisors Group LLC now owns 700,455 shares of the company’s stock valued at $2,487,000 after acquiring an additional 5,131 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Grab Stock Up 3.0 %

Grab stock opened at $3.73 on Monday. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of -53.29 and a beta of 0.83. Grab has a 52-week low of $2.90 and a 52-week high of $3.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00. The firm has a 50 day moving average price of $3.48 and a two-hundred day moving average price of $3.48.

Grab (NASDAQ:GRAB) last announced its earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The business had revenue of $664.00 million during the quarter, compared to the consensus estimate of $674.17 million. During the same quarter last year, the firm earned ($0.03) earnings per share. Grab’s quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts predict that Grab will post -0.04 EPS for the current 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.