Grab Holdings Limited (NASDAQ:GRAB) Receives $6.47 Average Price Target from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $6.4714.

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research report on Thursday, January 22nd. HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a report on Friday, January 16th. Jefferies Financial Group reissued a “buy” rating and set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Finally, Benchmark restated a “buy” rating on shares of Grab in a report on Thursday.

Institutional Investors Weigh In On Grab

Several large investors have recently modified their holdings of GRAB. Parallel Advisors LLC increased its holdings in Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after buying an additional 4,601 shares during the period. Signaturefd LLC boosted its position in Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after acquiring an additional 2,543 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of Grab in the 2nd quarter valued at $33,000. Advocate Investing Services LLC bought a new position in shares of Grab in the 4th quarter worth $35,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Grab by 128.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock worth $38,000 after acquiring an additional 4,225 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Down 3.3%

Shares of GRAB opened at $4.13 on Friday. The firm has a fifty day moving average price of $4.72 and a 200-day moving average price of $5.25. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $16.63 billion, a P/E ratio of 137.71, a P/E/G ratio of 0.88 and a beta of 0.92. 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 Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. Equities research analysts expect that Grab will post 0.05 earnings per share 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.