Grab (NASDAQ:GRAB) Cut to Sell at Wall Street Zen

Grab (NASDAQ:GRAB) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

GRAB has been the subject of a number of other reports. HSBC restated a “hold” rating and issued a $6.20 price objective on shares of Grab in a report on Wednesday, September 17th. Mizuho set a $7.00 target price on shares of Grab in a research report on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research note on Wednesday, October 8th. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 price objective on shares of Grab in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.39.

Grab Trading Down 1.2%

Grab stock traded down $0.07 during mid-day trading on Friday, hitting $5.56. The stock had a trading volume of 85,413,150 shares, compared to its average volume of 51,214,852. The stock has a 50-day simple moving average of $5.85 and a two-hundred day simple moving average of $5.26. The company has a current ratio of 1.83, a quick ratio of 1.87 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $22.39 billion, a PE ratio of 139.03 and a beta of 0.88. Grab has a 12 month low of $3.36 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. Grab has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Grab will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Grab during the second quarter worth $175,192,000. Nuveen LLC bought a new position in Grab during the 1st quarter worth about $85,143,000. PointState Capital LP raised its stake in shares of Grab by 50.6% in the 1st quarter. PointState Capital LP now owns 35,148,819 shares of the company’s stock valued at $159,224,000 after purchasing an additional 11,804,514 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Grab by 20.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 60,455,589 shares of the company’s stock valued at $304,092,000 after purchasing an additional 10,428,014 shares during the period. Finally, William Blair Investment Management LLC lifted its holdings in shares of Grab by 70.0% in the second quarter. William Blair Investment Management LLC now owns 21,150,368 shares of the company’s stock valued at $106,386,000 after purchasing an additional 8,707,738 shares in the last quarter. 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.