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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research 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 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.62.

A number of analysts have recently commented on GRAB shares. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective for the company in a research note on Friday, February 21st. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $5.50 to $5.45 in a research note on Tuesday, February 4th. Finally, 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 note on Thursday, February 20th.

Grab Trading Up 2.4 %

Shares of GRAB stock opened at $4.71 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab has a 1 year low of $2.98 and a 1 year high of $5.72. The stock has a fifty day moving average of $4.66 and a two-hundred day moving average of $4.46. The firm has a market capitalization of $18.97 billion, a PE ratio of -235.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates 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 year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GRAB. Twin Tree Management LP acquired a new stake in Grab in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in Grab in the 4th quarter valued at approximately $30,000. Campbell Capital Management Inc. acquired a new stake in Grab in the 4th quarter valued at approximately $30,000. TD Private Client Wealth LLC grew its holdings in Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after buying an additional 7,890 shares during the last quarter. Finally, Allianz SE acquired a new stake in Grab in the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.