Grab Sees Unusually Large Options Volume (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) saw unusually large options trading activity on Thursday. Stock investors acquired 198,380 call options on the company. This is an increase of 651% compared to the typical daily volume of 26,433 call options.

Grab Price Performance

GRAB stock opened at $5.34 on Thursday. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab has a one year low of $2.98 and a one year high of $5.72. The firm has a market capitalization of $21.50 billion, a PE ratio of -267.00, a P/E/G ratio of 2.04 and a beta of 0.90. The firm has a 50-day moving average of $4.78 and a two-hundred day moving average of $4.26.

Institutional Trading of Grab

A number of hedge funds have recently made changes to their positions in GRAB. Uber Technologies Inc bought a new position in Grab during the fourth quarter valued at approximately $2,529,462,000. Toyota Motor Corp acquired a new position in shares of Grab during the 4th quarter worth $1,052,117,000. Hanwha Asset Management Co. Ltd. bought a new position in shares of Grab during the 4th quarter valued at $227,718,000. Perpetual Ltd acquired a new stake in shares of Grab in the 4th quarter valued at $213,177,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Grab by 5,066.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock worth $160,075,000 after purchasing an additional 33,257,610 shares in the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on GRAB shares. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and increased their target price for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Barclays increased their target price on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. 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, November 13th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered shares of Grab from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Grab currently has an average rating of “Moderate Buy” and an average price target of $5.54.

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.