Grab (NASDAQ:GRAB) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Grab (NASDAQ:GRAB) from a sell rating to a hold rating in a research note published on Friday.

A number of other analysts have also issued reports on GRAB. Mizuho set a $7.00 price objective on Grab in a research note on Tuesday, November 4th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a report on Friday, January 16th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 16th. Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 target price on shares of Grab in a research note on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Grab currently has a consensus rating of “Buy” and an average target price of $6.58.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $4.58 on Friday. The firm has a market capitalization of $18.44 billion, a PE ratio of 114.53 and a beta of 0.90. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $5.02 and a two-hundred day moving average price of $5.35. Grab has a twelve month low of $3.36 and a twelve month high of $6.62.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Grab had a net margin of 3.81% and a return on equity of 1.91%. The business had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $870.44 million. Equities analysts forecast that Grab will post 0.05 EPS for the current year.

Institutional Trading of Grab

Several institutional investors and hedge funds have recently made changes to their positions in GRAB. BSW Wealth Partners grew its position in Grab by 62.7% in the fourth quarter. BSW Wealth Partners now owns 16,373 shares of the company’s stock worth $82,000 after acquiring an additional 6,310 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of Grab by 226.9% in the 4th quarter. Transcend Capital Advisors LLC now owns 42,500 shares of the company’s stock worth $212,000 after purchasing an additional 29,500 shares in the last quarter. Stanley Laman Group Ltd. boosted its holdings in shares of Grab by 80.0% in the 4th quarter. Stanley Laman Group Ltd. now owns 360,000 shares of the company’s stock worth $1,796,000 after purchasing an additional 160,000 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new position in shares of Grab during the 4th quarter valued at about $67,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Grab by 98.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,478,218 shares of the company’s stock valued at $37,316,000 after buying an additional 3,711,860 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

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.