Grab (NASDAQ:GRAB) Stock Price Down 3.1% – Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB) shares fell 3.1% during trading on Tuesday . The company traded as low as $4.90 and last traded at $4.93. 17,969,621 shares were traded during trading, a decline of 41% from the average session volume of 30,587,552 shares. The stock had previously closed at $5.08.

Wall Street Analyst Weigh In

GRAB has been the subject of several recent research reports. CLSA raised shares of Grab to a “moderate buy” rating in a research report on Wednesday, April 9th. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and cut their price objective for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Barclays boosted their target price on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Grab has a consensus rating of “Moderate Buy” and an average target price of $5.71.

Grab Trading Down 2.8%

The firm has a market cap of $19.89 billion, a PE ratio of -247.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The stock has a 50-day simple moving average of $4.51 and a two-hundred day simple moving average of $4.71.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. As a group, sell-side analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Grab

Institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. boosted its holdings in Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after acquiring an additional 4,259,537 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Grab by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock worth $22,220,000 after acquiring an additional 134,243 shares during the last quarter. Baader Bank Aktiengesellschaft grew its stake in shares of Grab by 764.5% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 315,000 shares of the company’s stock worth $1,487,000 after acquiring an additional 278,563 shares during the last quarter. Matthews International Capital Management LLC grew its stake in shares of Grab by 34.4% during the fourth quarter. Matthews International Capital Management LLC now owns 4,874,167 shares of the company’s stock worth $23,006,000 after acquiring an additional 1,247,339 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Grab by 570.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 13,234 shares of the company’s stock worth $63,000 after acquiring an additional 11,259 shares during the last quarter. Hedge funds and other 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.