Grab Holdings Limited (NASDAQ:GRAB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $6.0056.

GRAB has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Morgan Stanley restated an “overweight” rating and issued a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. 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, Mizuho dropped their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.62 on Tuesday. Grab has a twelve month low of $3.18 and a twelve month high of $6.62. The firm has a fifty day simple moving average of $3.60 and a 200 day simple moving average of $3.94. The company has a market capitalization of $14.83 billion, a PE ratio of 362.36, a P/E/G ratio of 1.37 and a beta of 0.87. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last posted 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). Grab had a net margin of 10.67% and a return on equity of 5.79%. The business had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. On average, sell-side analysts forecast that Grab will post 0.1 EPS for the current year.

Insider Activity

In other news, CFO Peter Henry Oey sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $3.53, for a total transaction of $176,500.00. Following the sale, the chief financial officer owned 6,950,165 shares in the company, valued at $24,534,082.45. This represents a 0.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Charles Hungate sold 144,093 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $3.45, for a total transaction of $497,120.85. Following the completion of the sale, the chief operating officer owned 6,254,023 shares of the company’s stock, valued at $21,576,379.35. This trade represents a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,666,093 shares of company stock worth $6,083,321. Corporate insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pitcairn Co. lifted its holdings in shares of Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after acquiring an additional 2,080 shares during the last quarter. Adalta Capital Management LLC grew its position in Grab by 2.2% in the third quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after acquiring an additional 2,200 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Grab by 7.7% during the second quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after acquiring an additional 2,300 shares during the last quarter. Soros Fund Management LLC increased its stake in Grab by 19.7% during the second quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock worth $74,000 after acquiring an additional 2,419 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in Grab by 1.9% during the fourth quarter. Corient Private Wealth LLC now owns 129,144 shares of the company’s stock valued at $643,000 after purchasing an additional 2,469 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

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.