Grab Sees Unusually High Options Volume (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) saw some unusual options trading activity on Thursday. Investors acquired 44,246 call options on the stock. This represents an increase of 565% compared to the typical volume of 6,656 call options.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GRAB shares. Barclays decreased their price target on shares of Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a report on Monday, February 5th. HSBC reissued a “buy” rating and set a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $3.60 to $3.80 in a report on Thursday, January 18th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRAB. Allspring Global Investments Holdings LLC acquired a new stake in shares of Grab in the first quarter valued at about $52,920,000. Miracle Mile Advisors LLC acquired a new stake in shares of Grab in the first quarter valued at about $32,000. Optas LLC grew its position in shares of Grab by 114.0% in the first quarter. Optas LLC now owns 22,809 shares of the company’s stock valued at $72,000 after purchasing an additional 12,149 shares during the period. Deltec Asset Management LLC grew its position in shares of Grab by 827.6% in the first quarter. Deltec Asset Management LLC now owns 2,272,655 shares of the company’s stock valued at $7,136,000 after purchasing an additional 2,027,655 shares during the period. Finally, Vanguard Capital Wealth Advisors grew its position in shares of Grab by 288.5% in the first quarter. Vanguard Capital Wealth Advisors now owns 224,935 shares of the company’s stock valued at $706,000 after purchasing an additional 167,035 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Up 5.6 %

GRAB opened at $3.39 on Friday. Grab has a fifty-two week low of $2.67 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.87 and a current ratio of 3.90. The company has a fifty day moving average of $3.24 and a two-hundred day moving average of $3.23. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of -33.90 and a beta of 0.91.

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

About Grab

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.