Grab (NASDAQ:GRAB) Trading Down 0.6%

Grab Holdings Limited (NASDAQ:GRAB)’s stock price fell 0.6% on Thursday . The company traded as low as $3.47 and last traded at $3.51. 3,951,246 shares were traded during mid-day trading, a decline of 83% from the average session volume of 23,555,938 shares. The stock had previously closed at $3.53.

Analyst Ratings Changes

A number of brokerages recently weighed in on GRAB. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, May 16th. Barclays raised their target price on shares of Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a report on Wednesday, May 22nd. HSBC restated a “buy” rating and set a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Grab in a report on Friday, May 17th. They set a “buy” rating and a $4.50 target price on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.07.

Grab Price Performance

The company’s fifty day moving average is $3.56 and its 200 day moving average is $3.33. The firm has a market cap of $13.89 billion, a price-to-earnings ratio of -50.56 and a beta of 0.82. The company has a quick ratio of 3.22, a current ratio of 3.26 and a debt-to-equity ratio of 0.03.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Grab had a negative return on equity of 4.62% and a negative net margin of 11.86%. The firm had revenue of $653.00 million for the quarter, compared to the consensus estimate of $662.48 million. On average, equities research analysts predict that Grab Holdings Limited will post -0.01 EPS for the current year.

Institutional Trading of Grab

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC raised its position in Grab by 0.4% during the third quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock worth $2,465,000 after acquiring an additional 2,972 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Grab by 9.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock valued at $141,000 after purchasing an additional 3,510 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Grab by 9.5% in the third quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock valued at $148,000 after purchasing an additional 3,632 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Grab by 0.6% in the third 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, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Grab by 0.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 944,627 shares of the company’s stock valued at $3,103,000 after purchasing an additional 5,317 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

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.