Grab (NASDAQ:GRAB) Shares Gap Up - Still a Buy?

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $5.06, but opened at $5.28. Grab shares last traded at $5.10, with a volume of 9,192,716 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Barclays upped their price objective on Grab from $5.50 to $6.50 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Finally, CLSA upgraded Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. 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 to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.71.

Grab Stock Down 3.7%

The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a 50-day simple moving average of $4.63 and a 200-day simple moving average of $4.73. The company has a market cap of $20.05 billion, a price-to-earnings ratio of -249.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Twin Tree Management LP bought a new position in Grab during the fourth quarter valued at about $25,000. Garde Capital Inc. purchased a new stake in shares of Grab during the first quarter valued at $29,000. Global Retirement Partners LLC purchased a new stake in shares of Grab during the fourth quarter valued at $30,000. Campbell Capital Management Inc. purchased a new stake in shares of Grab during the fourth quarter valued at $30,000. Finally, Summit Securities Group LLC lifted its holdings in shares of Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock valued at $37,000 after purchasing an additional 3,199 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Company Profile

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.