Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.71.
Several brokerages recently commented on GRAB. JPMorgan Chase & Co. reduced their price objective 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. CLSA upgraded shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th.
Check Out Our Latest Report on GRAB
Institutional Trading of Grab
A number of hedge funds have recently bought and sold shares of GRAB. Sequoia Financial Advisors LLC boosted its holdings in shares of Grab by 6.0% during the first quarter. Sequoia Financial Advisors LLC now owns 45,934 shares of the company's stock worth $208,000 after purchasing an additional 2,581 shares during the last quarter. Ellevest Inc. lifted its position in Grab by 3.3% during the fourth quarter. Ellevest Inc. now owns 82,793 shares of the company's stock worth $391,000 after buying an additional 2,636 shares during the period. Empowered Funds LLC lifted its position in Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock worth $239,000 after buying an additional 3,090 shares during the period. Summit Securities Group LLC boosted its stake in Grab by 63.6% in the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock worth $37,000 after buying an additional 3,199 shares during the last quarter. Finally, Leibman Financial Services Inc. grew its holdings in Grab by 1.7% in the 1st quarter. Leibman Financial Services Inc. now owns 201,858 shares of the company's stock valued at $914,000 after buying an additional 3,331 shares during the period. Institutional investors and hedge funds own 55.52% of the company's stock.
Grab Price Performance
GRAB stock traded down $0.10 on Friday, reaching $4.93. 30,146,789 shares of the company's stock were exchanged, compared to its average volume of 32,705,658. The stock has a fifty day moving average of $4.85 and a 200-day moving average of $4.68. The firm has a market cap of $19.85 billion, a PE ratio of 246.62 and a beta of 0.84. The company has a quick ratio of 2.46, a current ratio of 2.49 and a debt-to-equity ratio of 0.04. Grab has a twelve month low of $2.98 and a twelve month high of $5.72.
About Grab
(
Get Free ReportGrab 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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