Grab Sees Unusually High Options Volume (NASDAQ:GRAB)

Key Points

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Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors purchased 61,943 call options on the company. This represents an increase of approximately 89% compared to the average volume of 32,774 call options.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GRAB. JPMorgan Chase & Co. decreased their price target on shares of Grab from $5.60 to $5.30 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. CLSA raised shares of Grab to a "moderate buy" rating in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grab has a consensus rating of "Moderate Buy" and an average target price of $5.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GRAB. Garde Capital Inc. acquired a new stake in shares of Grab during the 1st quarter worth approximately $29,000. Summit Securities Group LLC raised 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 valued at $37,000 after acquiring an additional 3,199 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Grab by 51.2% in the 2nd 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 period. J2 Capital Management Inc bought a new stake in Grab in the 1st quarter valued at about $45,000. Finally, Proficio Capital Partners LLC bought a new stake in Grab in the 1st quarter valued at about $45,000. Institutional investors own 55.52% of the company's stock.

Grab Stock Down 5.0%

GRAB traded down $0.27 during trading on Thursday, reaching $5.03. The company had a trading volume of 41,159,578 shares, compared to its average volume of 36,867,750. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.49 and a quick ratio of 2.46. Grab has a 12 month low of $2.98 and a 12 month high of $5.72. The business's fifty day moving average price is $4.96 and its 200 day moving average price is $4.72. The company has a market cap of $20.24 billion, a P/E ratio of 251.33 and a beta of 0.84.

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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