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Grab Holdings Limited (NASDAQ:GRAB) Receives Consensus Rating of "Buy" from Brokerages

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Key Points

  • Consensus "Buy": Seven brokers cover Grab with a consensus rating of Buy (1 hold, 5 buy, 1 strong buy) and an average 12‑month price target of about $6.47.
  • Mixed quarterly results: Grab reported an EPS beat of $0.04 versus $0.01 consensus but missed revenue at $906M versus $942M, and sell‑side analysts forecast roughly $0.05 EPS for the current fiscal year.
  • Market snapshot: The stock opened near $3.62 with a $14.8B market cap, a high P/E of 120.7, a 52‑week range of $3.36–$6.62, insider ownership of ~3.6% and institutional ownership of ~55.5%.
  • Interested in Grab? Here are five stocks we like better.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) has earned a consensus rating of "Buy" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $6.4714.

GRAB has been the subject of a number of research analyst reports. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research note on Thursday, January 22nd. Wall Street Zen raised shares of Grab from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Benchmark reissued a "buy" rating on shares of Grab in a research report on Thursday, February 12th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and set a $6.20 target price on the stock in a research note on Friday, January 16th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and issued a $5.80 price target on shares of Grab in a research note on Monday, January 26th.

Read Our Latest Research Report on Grab

Grab Stock Performance

NASDAQ:GRAB opened at $3.62 on Friday. The stock has a market cap of $14.83 billion, a price-to-earnings ratio of 120.71, a price-to-earnings-growth ratio of 0.86 and a beta of 0.99. Grab has a one year low of $3.36 and a one year high of $6.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The business's 50-day simple moving average is $4.05 and its 200 day simple moving average is $4.96.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. Grab had a return on equity of 4.09% and a net margin of 7.92%.The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. As a group, sell-side analysts predict that Grab will post 0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Grab news, CAO John Pierantoni sold 14,819 shares of the stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $3.61, for a total transaction of $53,496.59. Following the transaction, the chief accounting officer owned 569,376 shares of the company's stock, valued at $2,055,447.36. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Grab

Institutional investors and hedge funds have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in Grab in the fourth quarter worth $25,000. Parallel Advisors LLC raised its holdings in shares of Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock worth $30,000 after purchasing an additional 4,601 shares during the period. Signaturefd LLC lifted its position in shares of Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company's stock worth $32,000 after buying an additional 2,543 shares during the last quarter. Advocate Investing Services LLC acquired a new position in shares of Grab in the 4th quarter valued at about $35,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Grab by 128.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company's stock valued at $38,000 after buying an additional 4,225 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

About Grab

(Get Free Report)

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing "super app" across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.

See Also

Analyst Recommendations for Grab (NASDAQ:GRAB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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