Analysts Set Grab Holdings Limited (NASDAQ:GRAB) PT at $5.55

Shares of Grab Holdings Limited (NASDAQ:GRAB) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.55.

A number of equities analysts have commented on GRAB shares. Mizuho boosted their price objective on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. China Renaissance lowered shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective on the stock. in a report on Thursday, November 21st. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Tuesday, November 12th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Evercore ISI raised their price target on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

Hedge Funds Weigh In On Grab

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its position in shares of Grab by 168.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 221,135 shares of the company’s stock valued at $785,000 after acquiring an additional 138,620 shares during the period. APG Asset Management N.V. raised its holdings in Grab by 533.9% in the second quarter. APG Asset Management N.V. now owns 193,174 shares of the company’s stock worth $640,000 after purchasing an additional 162,700 shares during the period. MBB Public Markets I LLC bought a new position in shares of Grab during the second quarter worth $539,000. The Manufacturers Life Insurance Company grew its holdings in shares of Grab by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,386,008 shares of the company’s stock valued at $19,120,000 after buying an additional 129,604 shares during the period. Finally, Algert Global LLC bought a new stake in shares of Grab in the 2nd quarter valued at $314,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Down 1.3 %

GRAB opened at $4.58 on Wednesday. Grab has a twelve month low of $2.98 and a twelve month high of $5.72. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of -229.00, a PEG ratio of 1.99 and a beta of 0.90. The firm’s 50-day simple moving average is $4.86 and its 200-day simple moving average is $4.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter last year, the business posted ($0.02) earnings per share. Equities research analysts anticipate that Grab will post -0.02 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.