Investors Purchase Large Volume of Call Options on Grab (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of some unusual options trading on Monday. Stock traders acquired 23,267 call options on the stock. This is an increase of approximately 409% compared to the typical daily volume of 4,571 call options.

Grab Stock Up 11.6 %

Shares of NASDAQ GRAB opened at $4.89 on Wednesday. The stock has a 50 day moving average price of $3.81 and a 200 day moving average price of $3.59. The firm has a market capitalization of $19.18 billion, a price-to-earnings ratio of -97.80 and a beta of 0.81. Grab has a 52-week low of $2.90 and a 52-week high of $4.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. During the same period last year, the company posted ($0.02) earnings per share. Sell-side analysts expect that Grab will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GRAB. Jefferies Financial Group reduced their target price on shares of Grab from $5.00 to $4.70 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Tuesday. Daiwa Capital Markets initiated coverage on shares of Grab in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price objective for the company. JPMorgan Chase & Co. upped their target price on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Evercore ISI raised their price target on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $5.28.

Institutional Investors Weigh In On Grab

Institutional investors have recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Grab in the 1st quarter worth $32,000. Blue Trust Inc. grew its stake in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after acquiring an additional 3,408 shares during the last quarter. Sage Rhino Capital LLC acquired a new position in shares of Grab during the second quarter valued at about $38,000. Traynor Capital Management Inc. acquired a new stake in Grab in the 3rd quarter worth approximately $41,000. Finally, Prospect Financial Services LLC purchased a new stake in Grab during the 2nd quarter worth approximately $53,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

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.