Grab Holdings Limited (NASDAQ:GRAB) Given Average Recommendation of "Buy" by Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) have received an average recommendation of "Buy" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $5.07.

Several equities analysts have weighed in on the company. HSBC restated a "buy" rating and set a $4.30 price objective on shares of Grab in a research note on Thursday, April 4th. Benchmark reaffirmed a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on Grab in a report on Friday, May 17th. They issued a "buy" rating and a $4.50 price objective for the company. Finally, Barclays raised their target price on Grab from $4.30 to $4.70 and gave the stock an "overweight" rating in a research note on Wednesday.

Institutional Trading of Grab

A number of large investors have recently modified their holdings of GRAB. Norges Bank purchased a new position in Grab in the 4th quarter worth approximately $146,995,000. Barclays PLC grew its stake in shares of Grab by 21,204.4% in the third quarter. Barclays PLC now owns 37,301,928 shares of the company's stock worth $132,048,000 after acquiring an additional 37,126,838 shares during the last quarter. Coronation Fund Managers Ltd. grew its stake in shares of Grab by 116.3% in the first quarter. Coronation Fund Managers Ltd. now owns 35,042,039 shares of the company's stock worth $110,032,000 after acquiring an additional 18,839,407 shares during the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Grab by 11.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,894,289 shares of the company's stock worth $83,894,000 after acquiring an additional 2,523,484 shares during the last quarter. Finally, Fullerton Fund Management Co Ltd. grew its stake in shares of Grab by 20.9% in the fourth quarter. Fullerton Fund Management Co Ltd. now owns 17,315,851 shares of the company's stock worth $58,354,000 after acquiring an additional 2,997,442 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Grab Trading Down 0.3 %

Shares of Grab stock traded down $0.01 on Friday, reaching $3.66. 21,924,343 shares of the company's stock were exchanged, compared to its average volume of 24,185,691. The company has a market capitalization of $14.36 billion, a P/E ratio of -52.28 and a beta of 0.81. Grab has a 52 week low of $2.85 and a 52 week high of $3.92. The firm's 50-day moving average is $3.40 and its two-hundred day moving average is $3.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.87 and a current ratio of 3.26.

Grab (NASDAQ:GRAB - Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.03. Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The company had revenue of $653.00 million for the quarter, compared to analysts' expectations of $633.82 million. During the same period last year, the business earned ($0.10) EPS. Grab's quarterly revenue was up 30.1% compared to the same quarter last year. Sell-side analysts predict that Grab will post -0.01 EPS for the current fiscal year.

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.