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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.62.

A number of brokerages have commented on GRAB. Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price on the stock in a research report on Friday, February 21st. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Barclays increased their price target on Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Metis Global Partners LLC lifted its position in Grab by 10.9% in the 3rd quarter. Metis Global Partners LLC now owns 53,262 shares of the company’s stock valued at $202,000 after acquiring an additional 5,221 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Grab by 4.9% in the third quarter. CIBC Asset Management Inc now owns 203,901 shares of the company’s stock worth $775,000 after purchasing an additional 9,466 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Grab by 7.7% in the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after purchasing an additional 3,147 shares in the last quarter. Swiss National Bank boosted its position in shares of Grab by 0.9% during the third quarter. Swiss National Bank now owns 6,274,800 shares of the company’s stock valued at $23,844,000 after buying an additional 55,100 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Grab during the third quarter valued at approximately $2,757,000. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

Shares of GRAB opened at $4.62 on Thursday. The business has a 50-day moving average of $4.67 and a 200-day moving average of $4.49. Grab has a 1 year low of $2.98 and a 1 year high of $5.72. The company has a market capitalization of $18.60 billion, a price-to-earnings ratio of -231.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $762.57 million. As a group, equities research analysts anticipate that Grab will post 0.05 earnings per share for the current year.

Grab Company Profile

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.