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

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $6.11.

A number of research firms recently weighed in on GRAB. Weiss Ratings downgraded Grab from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Benchmark reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, August 4th. KeyCorp set a $7.00 price target on Grab in a research report on Wednesday, September 16th. Barclays decreased their price target on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, Bank of America restated a “buy” rating on shares of Grab in a research report on Friday, September 25th.

Insider Buying and Selling at Grab

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $3.08, for a total transaction of $92,400.00. Following the completion of the transaction, the insider owned 3,958,735 shares in the company, valued at approximately $12,192,903.80. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $2.90, for a total transaction of $145,000.00. Following the transaction, the chief financial officer owned 6,803,470 shares of the company’s stock, valued at approximately $19,730,063. The trade was a 0.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,181,349 shares of company stock worth $4,311,935. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Grab

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Grab by 6.4% in the second quarter. BlackRock Inc. now owns 156,175,807 shares of the company’s stock valued at $588,783,000 after buying an additional 9,357,389 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Grab by 58.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock worth $200,957,000 after buying an additional 20,152,535 shares in the last quarter. WFM ASIA BVI Ltd grew its position in shares of Grab by 12.5% during the 4th quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company’s stock worth $188,003,000 after buying an additional 4,194,477 shares during the period. Norges Bank acquired a new stake in shares of Grab during the 4th quarter worth approximately $161,484,000. Finally, Artisan Partners Limited Partnership increased its stake in shares of Grab by 5.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 27,977,786 shares of the company’s stock valued at $139,609,000 after acquiring an additional 1,340,082 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Trading Up 0.3%

GRAB opened at $3.12 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. Grab has a fifty-two week low of $2.74 and a fifty-two week high of $6.60. The company’s 50 day moving average price is $3.36 and its two-hundred day moving average price is $3.56. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 52.01, a PEG ratio of 0.82 and a beta of 0.91.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $997.00 million during the quarter, compared to the consensus estimate of $994.97 million. Grab had a net margin of 15.97% and a return on equity of 8.83%. As a group, research analysts predict that Grab will post 0.13 earnings per share for the current year.

About Grab

Grab Holdings Limited is a Singapore-based technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with everyday services through a single digital application.

The company’s main businesses include mobility services such as ride-hailing and taxi bookings, food and grocery delivery, and digital payments. Grab also provides financial services, including digital wallets, lending, insurance and other financial products, subject to local regulations.