Grab (NASDAQ:GRAB) Shares Gap Down – Time to Sell?

Grab Holdings Limited (NASDAQ:GRAB) shares gapped down before the market opened on Thursday . The stock had previously closed at $5.34, but opened at $5.08. Grab shares last traded at $4.89, with a volume of 27,775,310 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GRAB. Barclays upped their price target on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research note on Thursday. China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a research note on Thursday, November 21st. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a research note on Friday. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Finally, Mizuho upped their price target on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Grab currently has a consensus rating of “Moderate Buy” and an average price target of $5.62.

Grab Stock Performance

The company has a market cap of $19.73 billion, a PE ratio of -245.00, a PEG ratio of 2.26 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The business has a 50-day moving average of $4.76 and a 200 day moving average of $4.28.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. Equities research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Institutional Trading of Grab

Large investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in shares of Grab by 41.1% in the 4th quarter. Mackenzie Financial Corp now owns 202,263 shares of the company’s stock worth $955,000 after purchasing an additional 58,934 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Grab by 2,646.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 5,028,596 shares of the company’s stock worth $23,735,000 after purchasing an additional 4,845,496 shares during the period. JT Stratford LLC purchased a new position in shares of Grab in the 4th quarter worth approximately $286,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Grab by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,582,517 shares of the company’s stock worth $68,829,000 after purchasing an additional 2,120,034 shares during the period. Finally, USS Investment Management Ltd purchased a new position in shares of Grab in the 4th quarter worth approximately $3,109,000. Institutional investors own 55.52% of the company’s stock.

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.