Grab Holdings Limited (NASDAQ:GRAB) Receives $6.58 Consensus PT from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given an average rating of “Buy” by the eight research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $6.5833.

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Mizuho set a $7.00 price target on Grab in a research note on Tuesday, November 4th. Jefferies Financial Group reissued a “buy” rating and set a $7.00 target price on shares of Grab in a report on Tuesday, November 4th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective on the stock in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th.

Hedge Funds Weigh In On Grab

Several institutional investors and hedge funds have recently bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Grab by 66.5% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,770,976 shares of the company’s stock worth $64,782,000 after buying an additional 4,302,224 shares during the last quarter. Nordea Investment Management AB raised its stake in Grab by 15.7% during the third quarter. Nordea Investment Management AB now owns 19,886,007 shares of the company’s stock worth $120,509,000 after acquiring an additional 2,695,472 shares in the last quarter. Stanley Laman Group Ltd. bought a new position in Grab during the 3rd quarter valued at about $1,204,000. Alberta Investment Management Corp bought a new position in shares of Grab in the second quarter valued at approximately $1,215,000. Finally, Hsbc Holdings PLC boosted its stake in Grab by 13.6% in the second quarter. Hsbc Holdings PLC now owns 7,935,800 shares of the company’s stock worth $39,931,000 after purchasing an additional 949,297 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Grab stock opened at $4.55 on Tuesday. The firm has a market capitalization of $18.32 billion, a PE ratio of 113.78 and a beta of 0.90. Grab has a one year low of $3.36 and a one year high of $6.62. The stock’s 50 day moving average price is $5.03 and its 200 day moving average price is $5.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. As a group, sell-side analysts expect that Grab will post 0.05 EPS for the current fiscal year.

About Grab

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.