Grab (NASDAQ:GRAB) Shares Down 5.9% - What's Next?

Key Points

• Shares fell 5.9% to $4.355 on Thursday with 55.34 million shares traded, a 16% increase versus average session volume.
• Analyst sentiment is mixed but leans positive — the consensus is a “Moderate Buy” with an average price target of $6.58 and several firms (Mizuho, Benchmark, Jefferies) at $7 while at least one outlet downgraded to sell.
• Recent quarter showed an EPS miss ($0.01 vs. $0.03 estimate) with revenue of $873M roughly in line; the stock has a $17.58B market cap, P/E of 109.15, and analysts forecast about $0.05 EPS for the year.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) traded down 5.9% on Thursday . The company traded as low as $4.34 and last traded at $4.3550. 55,340,584 shares were traded during trading, an increase of 16% from the average session volume of 47,837,180 shares. The stock had previously closed at $4.63.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Mizuho set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Wall Street Zen downgraded Grab from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. HSBC reaffirmed a "hold" rating and set a $6.20 target price on shares of Grab in a research note on Wednesday, September 17th. Benchmark boosted their price target on Grab from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $7.00 price objective on shares of Grab in a research report on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $6.58.

Grab Price Performance

The stock has a market capitalization of $17.58 billion, a P/E ratio of 109.15 and a beta of 0.90. The business has a fifty day simple moving average of $5.19 and a 200 day simple moving average of $5.37. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Grab had a return on equity of 1.91% and a net margin of 3.81%.The company had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. On average, analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Grab

A number of institutional investors have recently added to or reduced their stakes in GRAB. AlphaCore Capital LLC bought a new position in shares of Grab during the 2nd quarter worth approximately $33,000. Advisory Services Network LLC bought a new position in shares of Grab in the third quarter valued at approximately $38,000. Caitong International Asset Management Co. Ltd increased its position in shares of Grab by 51.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company's stock valued at $39,000 after acquiring an additional 2,634 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company's stock worth $39,000 after acquiring an additional 6,500 shares during the period. Finally, Allworth Financial LP boosted its position in Grab by 70.9% in the third quarter. Allworth Financial LP now owns 8,085 shares of the company's stock worth $49,000 after purchasing an additional 3,354 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

About Grab

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.

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