Grab Holdings Limited (GRAB) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts remain broadly bullish: Twelve brokerages give Grab a consensus “Buy” rating, including nine buys and two strong buys, with an average 12-month price target of $6.01. Barclays recently lowered its target to $4.00 while maintaining an “overweight” rating.
• Grab shares are trading near their 12-month low: The stock opened at $2.82, compared with a 12-month range of $2.74 to $6.24, and remains below its 50-day and 200-day moving averages.
• Quarterly results exceeded expectations, with earnings of $0.06 per share versus the $0.05 estimate and revenue of $997 million versus $994.97 million expected. Insiders sold 899,349 shares worth about $3.1 million over the past 90 days, while institutional investors and hedge funds own 55.52% of the stock.

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have received a consensus rating of "Buy" from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.01.

A number of brokerages have recently issued reports on GRAB. Barclays dropped their price target on shares of Grab from $5.00 to $4.00 and set an "overweight" rating on the stock in a research report on Monday. Bank of America reiterated a "buy" rating on shares of Grab in a research report on Friday, September 25th. Zacks Research raised shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Benchmark restated a "buy" rating on shares of Grab in a report on Tuesday, August 4th. Finally, Morgan Stanley restated an "overweight" rating and issued a $6.25 target price on shares of Grab in a report on Tuesday, June 30th.

Insider Activity

In related news, insider Chin Ong sold 38,000 shares of the firm's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $3.09, for a total transaction of $117,420.00. Following the completion of the sale, the insider owned 3,594,611 shares of the company's stock, valued at $11,107,347.99. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Wolfgang Kandal sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $3.00, for a total value of $90,000.00. Following the sale, the insider directly owned 3,928,735 shares of the company's stock, valued at $11,786,205. This represents a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 899,349 shares of company stock worth $3,104,355. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Grab

Several institutional investors have recently added to or reduced their stakes in GRAB. Corient Private Wealth LLC boosted its holdings in shares of Grab by 2.1% during the 4th quarter. Corient Private Wealth LLC now owns 129,340 shares of the company's stock worth $644,000 after buying an additional 2,665 shares in the last quarter. Resona Asset Management Co. Ltd. grew its position in shares of Grab by 0.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 721,569 shares of the company's stock worth $2,628,000 after buying an additional 2,858 shares during the period. AdvisorNet Financial Inc increased its stake in shares of Grab by 3.2% in the 1st quarter. AdvisorNet Financial Inc now owns 100,104 shares of the company's stock valued at $366,000 after acquiring an additional 3,141 shares in the last quarter. KBC Group NV increased its stake in shares of Grab by 0.4% in the 1st quarter. KBC Group NV now owns 1,096,393 shares of the company's stock valued at $4,012,000 after acquiring an additional 4,170 shares in the last quarter. Finally, Keybank National Association OH increased its stake in shares of Grab by 34.7% in the 1st quarter. Keybank National Association OH now owns 16,677 shares of the company's stock valued at $61,000 after acquiring an additional 4,295 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Down 2.4%

Shares of GRAB opened at $2.82 on Thursday. The company has a market capitalization of $11.56 billion, a PE ratio of 47.01, a PEG ratio of 0.51 and a beta of 0.91. Grab has a 12 month low of $2.74 and a 12 month high of $6.24. The stock's 50-day moving average price is $3.21 and its two-hundred day moving average price is $3.49. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. On average, analysts anticipate that Grab will post 0.14 EPS for the current year.

Grab Company Profile

Grab Holdings Inc NASDAQ: GRAB is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. The company began as a ride-hailing service in Malaysia in 2012 and is headquartered in Singapore.

Grab's platform provides mobility services, including ride-hailing, taxi bookings and other transportation options. It also offers food, grocery and package deliveries, connecting users with restaurants, retailers and delivery partners through its digital marketplace.

In addition, Grab provides digital financial services in selected markets, including payments, consumer and merchant lending, digital banking and insurance-related products.

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