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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given a consensus rating of “Buy” by the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $5.48.

A number of research firms have recently commented on GRAB. JPMorgan Chase & Co. increased their price objective on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a report on Tuesday. Barclays increased their price target on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday. Evercore ISI boosted their price objective on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday. Mizuho increased their target price on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Daiwa Capital Markets initiated coverage on shares of Grab in a research report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target for the company.

Hedge Funds Weigh In On Grab

A number of hedge funds and other institutional investors have recently made changes to their positions in GRAB. Empowered Funds LLC purchased a new stake in Grab during the 1st quarter valued at approximately $111,000. Sei Investments Co. lifted its holdings in shares of Grab by 107.2% during the first quarter. Sei Investments Co. now owns 5,013,111 shares of the company’s stock worth $15,741,000 after purchasing an additional 2,593,616 shares during the period. Russell Investments Group Ltd. grew its position in Grab by 6.4% in the 1st quarter. Russell Investments Group Ltd. now owns 3,393,371 shares of the company’s stock valued at $10,655,000 after buying an additional 205,128 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Grab in the 1st quarter valued at $32,000. Finally, Vanguard Group Inc. raised its position in Grab by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 7,505,636 shares of the company’s stock worth $23,568,000 after buying an additional 166,063 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Trading Down 3.3 %

Shares of GRAB stock opened at $4.73 on Friday. The stock has a market capitalization of $18.56 billion, a P/E ratio of -236.50 and a beta of 0.81. Grab has a fifty-two week low of $2.90 and a fifty-two week high of $4.93. 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 company has a 50 day moving average price of $3.87 and a 200 day moving average price of $3.61.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $716.00 million for 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 in the prior year, the company earned ($0.02) earnings per share. Equities research analysts predict that Grab will post -0.04 EPS for the current fiscal year.

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.