Grab Holdings Limited (NASDAQ:GRAB) Receives Average Recommendation of “Moderate Buy” from Analysts

Grab Holdings Limited (NASDAQ:GRAB) has earned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.62.

GRAB has been the subject of several analyst reports. Barclays raised their target price on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a research report on Thursday, November 21st. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price for the company in a research report on Friday, February 21st. Finally, Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $4.71 on Thursday. Grab has a 1-year low of $2.98 and a 1-year high of $5.72. The firm has a market capitalization of $18.97 billion, a PE ratio of -235.50, a PEG ratio of 2.26 and a beta of 0.88. The business’s 50 day moving average is $4.66 and its 200-day moving average is $4.46. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Sell-side analysts predict that Grab will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Grab

Institutional investors have recently bought and sold shares of the business. Twin Tree Management LP bought a new position in Grab in the 4th quarter valued at $25,000. Global Retirement Partners LLC acquired a new stake in shares of Grab in the 4th quarter valued at $30,000. Campbell Capital Management Inc. acquired a new stake in shares of Grab in the 4th quarter valued at $30,000. TD Private Client Wealth LLC increased its stake in shares of Grab by 7,238.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after buying an additional 7,890 shares during the period. Finally, Allianz SE acquired a new stake in shares of Grab in the 4th quarter valued at $44,000. Institutional investors own 55.52% of the company’s stock.

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.