Analysts Set Grab Holdings Limited (NASDAQ:GRAB) PT at $5.10

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received an average rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.10.

A number of equities research analysts have recently commented on GRAB shares. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $3.60 to $3.80 in a report on Thursday, January 18th. HSBC reiterated a “buy” rating and issued a $4.30 price target on shares of Grab in a report on Thursday, April 4th. Finally, Barclays lowered their price objective on Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a research report on Monday, February 5th.

Grab Stock Up 0.9 %

Shares of GRAB opened at $3.53 on Monday. Grab has a 1-year low of $2.67 and a 1-year high of $3.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.90 and a quick ratio of 3.87. The firm has a 50 day simple moving average of $3.25 and a 200-day simple moving average of $3.23.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $653.00 million during the quarter, compared to analysts’ expectations of $633.82 million. Grab had a negative return on equity of 6.77% and a negative net margin of 18.43%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.10) earnings per share. Analysts anticipate that Grab will post 0.01 earnings per share for the current year.

Institutional Trading of Grab

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Deutsche Bank AG grew its stake in Grab by 2.4% during the third quarter. Deutsche Bank AG now owns 2,964,633 shares of the company’s stock worth $10,495,000 after buying an additional 69,792 shares during the period. FMR LLC lifted its holdings in shares of Grab by 2,898.6% during the 3rd quarter. FMR LLC now owns 4,581,183 shares of the company’s stock valued at $16,217,000 after acquiring an additional 4,428,407 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in Grab by 33.8% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 2,206,523 shares of the company’s stock worth $7,811,000 after purchasing an additional 557,288 shares during the period. Public Sector Pension Investment Board increased its holdings in Grab by 0.6% in 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 in the last quarter. Finally, Kinetic Partners Management LP purchased a new position in Grab in the third quarter valued at about $23,176,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.