Grab Holdings Limited (NASDAQ:GRAB) Given Average Recommendation of "Moderate Buy" by Analysts

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) has earned an average recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the company, Marketbeat.com 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 price target among brokers that have issued a report on the stock in the last year is $5.60.

A number of equities analysts recently issued reports on GRAB shares. Barclays upped their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. CLSA upgraded Grab to a "moderate buy" rating in a report on Wednesday, April 9th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and cut their price target for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Citigroup reaffirmed a "buy" rating on shares of Grab in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th.

Grab Stock Performance

Shares of GRAB stock traded down $0.03 on Friday, hitting $4.90. The company's stock had a trading volume of 22,230,398 shares, compared to its average volume of 30,590,881. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The company has a market capitalization of $19.73 billion, a PE ratio of -245.00, a PEG ratio of 2.26 and a beta of 0.86. The stock's 50 day moving average is $4.43 and its 200-day moving average is $4.67. 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 (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Equities research analysts expect that Grab will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Grab

A number of large investors have recently added to or reduced their stakes in GRAB. Uber Technologies Inc purchased a new position in Grab in the 4th quarter valued at approximately $2,529,462,000. Toyota Motor Corp bought a new position in shares of Grab during the fourth quarter valued at about $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new stake in shares of Grab during the fourth quarter valued at approximately $227,718,000. Perpetual Ltd bought a new position in shares of Grab during the fourth quarter valued at about $213,177,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Grab by 5,066.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock valued at $160,075,000 after buying an additional 33,257,610 shares during the period. Hedge funds and other institutional investors 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.