Grab Target of Unusually Large Options Trading (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the target of unusually large options trading on Thursday. Traders purchased 181,439 call options on the company. This represents an increase of 163% compared to the average daily volume of 69,016 call options.

Analyst Upgrades and Downgrades

GRAB has been the topic of several research reports. Benchmark boosted their target price on Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Wall Street Zen lowered shares of Grab from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating in a research report on Friday. Jefferies Financial Group restated a “buy” rating and set a $7.00 price objective on shares of Grab in a research note on Tuesday, November 4th. Finally, Barclays raised their price objective on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. AlphaCore Capital LLC bought a new stake in Grab in the 2nd quarter valued at $33,000. Advisory Services Network LLC acquired a new position in shares of Grab in the third quarter valued at $38,000. Caitong International Asset Management Co. Ltd raised its position in shares of Grab by 51.2% in the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after purchasing an additional 2,634 shares during the period. Larson Financial Group LLC raised its position in shares of Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after purchasing an additional 6,500 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of Grab by 70.9% during the 3rd quarter. Allworth Financial LP now owns 8,085 shares of the company’s stock worth $49,000 after buying an additional 3,354 shares during the period. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Performance

NASDAQ GRAB opened at $4.39 on Friday. The firm’s fifty day moving average price is $5.16 and its two-hundred day moving average price is $5.37. Grab has a 1 year low of $3.36 and a 1 year high of $6.62. The firm has a market capitalization of $17.68 billion, a P/E ratio of 109.78 and a beta of 0.90. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Grab (NASDAQ:GRAB) last released 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). Grab had a return on equity of 1.91% and a net margin of 3.81%.The firm had revenue of $873.00 million for the quarter, compared to analyst estimates of $870.44 million. As a group, research analysts anticipate that Grab will post 0.05 EPS for the current year.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.