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Investors Purchase Large Volume of Call Options on Grab (NASDAQ:GRAB)

Grab logo with Computer and Technology background

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) was the recipient of some unusual options trading activity on Thursday. Stock traders purchased 45,209 call options on the stock. This is an increase of approximately 81% compared to the average daily volume of 24,972 call options.

Grab Stock Performance

Shares of Grab stock traded down $0.03 during mid-day trading on Thursday, hitting $4.96. 6,363,268 shares of the stock were exchanged, compared to its average volume of 33,159,260. Grab has a 12 month low of $2.98 and a 12 month high of $5.72. The company has a 50-day simple moving average of $4.87 and a 200 day simple moving average of $4.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49. The company has a market capitalization of $19.99 billion, a P/E ratio of 247.87 and a beta of 0.84.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GRAB. CLSA raised shares of Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target 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. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $5.71.

Check Out Our Latest Stock Analysis on GRAB

Hedge Funds Weigh In On Grab

Several hedge funds have recently modified their holdings of the company. HighTower Advisors LLC increased its position in shares of Grab by 28.3% during the 4th quarter. HighTower Advisors LLC now owns 40,484 shares of the company's stock valued at $191,000 after purchasing an additional 8,938 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Grab by 426.9% during the 4th quarter. NewEdge Advisors LLC now owns 79,447 shares of the company's stock valued at $375,000 after purchasing an additional 64,370 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Grab during the 1st quarter valued at $165,000. Janney Montgomery Scott LLC increased its position in shares of Grab by 669.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,638 shares of the company's stock valued at $420,000 after purchasing an additional 80,602 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Grab by 98.9% during the 1st quarter. SG Americas Securities LLC now owns 227,950 shares of the company's stock worth $1,033,000 after purchasing an additional 113,373 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Company Profile

(Get Free Report)

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.

See Also

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