Grab Sees Unusually Large Options Volume (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors acquired 15,532 call options on the stock. This is an increase of approximately 98% compared to the average volume of 7,853 call options.

Institutional Trading of Grab

Several large investors have recently made changes to their positions in the company. Lake Street Advisors Group LLC grew its stake in shares of Grab by 0.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company's stock valued at $2,465,000 after buying an additional 2,972 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Grab by 9.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company's stock valued at $141,000 after buying an additional 3,510 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Grab by 9.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company's stock valued at $148,000 after buying an additional 3,632 shares during the period. Public Sector Pension Investment Board boosted its stake in Grab by 0.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company's stock valued at $2,365,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Grab by 1.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 301,543 shares of the company's stock valued at $1,067,000 after purchasing an additional 5,003 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Trading Down 0.8 %

Shares of NASDAQ:GRAB traded down $0.03 during mid-day trading on Tuesday, hitting $3.50. The company had a trading volume of 14,911,527 shares, compared to its average volume of 23,784,660. The company has a market capitalization of $13.73 billion, a PE ratio of -35.10 and a beta of 0.81. Grab has a one year low of $2.67 and a one year high of $3.92. The firm has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.23. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.90 and a quick ratio of 3.87.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $653.00 million for the quarter, compared to analysts' expectations of $633.82 million. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The business's revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.10) EPS. As a group, research analysts forecast that Grab will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on GRAB. Barclays cut their target price on Grab from $4.50 to $4.30 and set an "overweight" rating on the stock in a report on Monday, February 5th. Benchmark reissued a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Monday. JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. Finally, HSBC reiterated a "buy" rating and set a $4.30 price objective on shares of Grab in a research report on Thursday, April 4th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $5.10.

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.