Grab Holdings Limited (NASDAQ:GRAB) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Grab Holdings Limited has received an average rating of "Moderate Buy" from analysts, with five ratings for hold and seven ratings for buy; the average price target is $5.90.
• Institutional investors have increased their stakes in Grab, with significant buybacks reported by Centurion Wealth Management and Toth Financial Advisory, leading to 55.52% of the stock being held by these entities.
• In their latest earnings report, Grab reported $819 million in revenue, slightly exceeding analyst expectations, with a return on equity of 1.75% and a net margin of 3.65%.

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.90.

Several equities research analysts recently issued reports on GRAB shares. HSBC restated a "hold" rating and set a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a report on Wednesday. Finally, Hsbc Global Res cut Grab from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 17th.

Institutional Trading of Grab

Institutional investors and hedge funds have recently bought and sold shares of the stock. Centurion Wealth Management LLC lifted its position in Grab by 4.4% in the third quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company's stock valued at $294,000 after buying an additional 2,049 shares during the last quarter. Toth Financial Advisory Corp raised its stake in shares of Grab by 84.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 77,000 shares of the company's stock valued at $464,000 after acquiring an additional 35,150 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Grab by 35.7% in the 3rd quarter. Voya Investment Management LLC now owns 3,569,961 shares of the company's stock worth $21,491,000 after acquiring an additional 938,524 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Grab by 21.4% during the 2nd quarter. Corient Private Wealth LLC now owns 113,857 shares of the company's stock worth $573,000 after purchasing an additional 20,041 shares during the period. Finally, Orion Porfolio Solutions LLC acquired a new stake in Grab in the 2nd quarter valued at approximately $54,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

Shares of Grab stock opened at $5.86 on Friday. The business's 50 day moving average price is $5.53 and its 200 day moving average price is $5.02. The company has a market cap of $23.60 billion, a price-to-earnings ratio of 146.54 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. Grab has a one year low of $3.36 and a one year high of $6.62.

Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Grab had a return on equity of 1.75% and a net margin of 3.65%.The company had revenue of $819.00 million during the quarter, compared to analysts' expectations of $809.41 million. Grab has set its FY 2025 guidance at EPS. On average, research analysts predict that Grab will post 0.05 EPS for the current year.

About Grab

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.

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