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

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.71.

Several research analysts have issued reports on the stock. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th.

Institutional Trading of Grab

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in Grab by 17.1% in the fourth quarter. Rhumbline Advisers now owns 539,446 shares of the company's stock valued at $2,546,000 after purchasing an additional 78,847 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Grab during the 4th quarter worth approximately $50,000. Atria Wealth Solutions Inc. purchased a new position in shares of Grab during the 4th quarter worth approximately $49,000. Global Retirement Partners LLC acquired a new stake in shares of Grab in the 4th quarter valued at approximately $30,000. Finally, IFP Advisors Inc boosted its stake in shares of Grab by 1,930.6% in the fourth quarter. IFP Advisors Inc now owns 59,151 shares of the company's stock valued at $279,000 after buying an additional 56,238 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

Grab Price Performance

GRAB stock opened at $4.92 on Friday. The company has a current ratio of 2.49, a quick ratio of 2.46 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $19.81 billion, a P/E ratio of 246.12 and a beta of 0.84. The business has a 50 day simple moving average of $4.82 and a 200-day simple moving average of $4.68. Grab has a twelve month low of $2.98 and a twelve month high of $5.72.

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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