Traders Buy Large Volume of Call Options on Grab (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 10,837 call options on the company. This represents an increase of approximately 235% compared to the typical volume of 3,234 call options.

Grab Stock Performance

Shares of GRAB opened at $4.16 on Wednesday. Grab has a 1 year low of $2.90 and a 1 year high of $4.22. The company has a market cap of $16.32 billion, a price-to-earnings ratio of -59.57 and a beta of 0.83. 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 fifty day moving average of $3.50 and a 200-day moving average of $3.49.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $664.00 million during the quarter, compared to the consensus estimate of $674.17 million. Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. As a group, equities analysts anticipate that Grab will post -0.04 earnings per share for the current year.

Analysts Set New Price Targets

GRAB has been the subject of a number of research analyst reports. Mizuho initiated coverage on shares of Grab in a research note on Thursday, June 27th. They issued an “outperform” rating and a $5.00 price target for the company. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Wednesday, September 11th. Finally, Jefferies Financial Group lowered their target price on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $4.71.

Institutional Investors Weigh In On Grab

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new stake in Grab in the first quarter worth about $32,000. Miracle Mile Advisors LLC bought a new stake in Grab in the first quarter worth about $32,000. Sage Rhino Capital LLC bought a new stake in Grab in the second quarter worth about $38,000. Finally, Callan Capital LLC bought a new stake in Grab in the first quarter worth about $34,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.