Grab Holdings Limited (NASDAQ:GRAB) Given Average Rating of “Moderate Buy” by Analysts

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings 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 target price among brokers that have updated their coverage on the stock in the last year is $5.62.

GRAB has been the topic of several recent research reports. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Evercore ISI boosted their price objective on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Barclays boosted their price objective on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. Finally, Mizuho boosted their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Grab Price Performance

Grab stock opened at $4.90 on Friday. The stock’s fifty day moving average price is $4.76 and its two-hundred day moving average price is $4.29. Grab has a one year low of $2.98 and a one year high of $5.72. 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 firm has a market cap of $19.73 billion, a PE ratio of -245.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.90.

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

Institutional Trading of Grab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Twin Tree Management LP purchased a new stake in shares of Grab in the fourth quarter worth approximately $25,000. Campbell Capital Management Inc. purchased a new stake in shares of Grab in the fourth quarter worth approximately $30,000. Global Retirement Partners LLC purchased a new stake in shares of Grab in the fourth quarter worth approximately $30,000. TD Private Client Wealth LLC raised its stake in shares of Grab by 7,238.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after purchasing an additional 7,890 shares during the last quarter. Finally, Allianz SE purchased a new stake in shares of Grab in the fourth quarter worth approximately $44,000. 55.52% of the stock is owned by institutional investors.

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.