Grab Holdings Limited (NASDAQ:GRAB) Receives Average Recommendation of “Moderate Buy” from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.1889.

GRAB has been the topic of several recent research reports. Mizuho dropped their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Benchmark reissued a “buy” rating on shares of Grab in a research note on Thursday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley set a $5.90 price objective on shares of Grab in a research note on Wednesday, May 6th.

Insider Activity at Grab

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $3.54, for a total transaction of $106,200.00. Following the sale, the insider directly owned 4,095,430 shares in the company, valued at approximately $14,497,822.20. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 48,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $3.55, for a total transaction of $170,400.00. Following the sale, the insider owned 3,781,306 shares in the company, valued at $13,423,636.30. The trade was a 1.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,118,819 shares of company stock valued at $4,114,677 over the last 90 days. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Grab

Several institutional investors have recently made changes to their positions in the stock. Serenity Investment Advisors purchased a new stake in shares of Grab during the 1st quarter worth $58,000. Groupe la Francaise boosted its position in shares of Grab by 755.9% in the 1st quarter. Groupe la Francaise now owns 4,186,842 shares of the company’s stock worth $15,276,000 after buying an additional 3,697,656 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Grab by 80.2% in the 1st quarter. Bank of America Corp DE now owns 23,993,894 shares of the company’s stock worth $87,818,000 after buying an additional 10,681,810 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Grab by 50.0% in the 1st quarter. Janus Henderson Group PLC now owns 922,797 shares of the company’s stock worth $3,373,000 after buying an additional 307,399 shares in the last quarter. Finally, MSA Advisors LLC purchased a new stake in shares of Grab in the 1st quarter worth about $62,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Stock Performance

NASDAQ:GRAB opened at $3.54 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 354.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The firm’s fifty day moving average price is $3.71 and its 200 day moving average price is $4.35. Grab has a 1-year low of $3.39 and a 1-year high of $6.62.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. On average, sell-side analysts expect that Grab will post 0.08 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.