Grab Target of Unusually Large Options Trading (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) was the recipient of unusually large options trading activity on Thursday. Investors bought 44,246 call options on the stock. This represents an increase of approximately 565% compared to the average volume of 6,656 call options.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GRAB shares. Barclays dropped their price objective on shares of Grab from $4.50 to $4.30 and set an "overweight" rating on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. raised shares of Grab from a "neutral" rating to an "overweight" rating and upped their target price for the company from $3.60 to $3.80 in a research note on Thursday, January 18th. Finally, HSBC reissued a "buy" rating and issued a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $5.10.

Hedge Funds Weigh In On Grab

Large investors have recently modified their holdings of the stock. Deutsche Bank AG lifted its position in shares of Grab by 2.4% during the third quarter. Deutsche Bank AG now owns 2,964,633 shares of the company's stock worth $10,495,000 after purchasing an additional 69,792 shares in the last quarter. FMR LLC lifted its position in shares of Grab by 2,898.6% during the third quarter. FMR LLC now owns 4,581,183 shares of the company's stock worth $16,217,000 after purchasing an additional 4,428,407 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its position in shares of Grab by 33.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,206,523 shares of the company's stock worth $7,811,000 after purchasing an additional 557,288 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Grab by 0.6% during the third quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company's stock worth $2,365,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Kinetic Partners Management LP acquired a new position in shares of Grab during the third quarter worth approximately $23,176,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

NASDAQ:GRAB traded up $0.18 on Thursday, reaching $3.39. The stock had a trading volume of 50,816,164 shares, compared to its average volume of 23,911,584. The company has a market capitalization of $13.30 billion, a P/E ratio of -33.90 and a beta of 0.91. Grab has a 1-year low of $2.67 and a 1-year high of $3.92. The company has a quick ratio of 3.87, a current ratio of 3.90 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $3.24 and a 200-day moving average price of $3.23.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.03. The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $633.82 million. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The company's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.10) earnings per share. Research analysts forecast that Grab will post 0.01 EPS for the current year.

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.