Grab Holdings Limited (NASDAQ:GRAB) Receives $6.47 Consensus PT from Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $6.4714.

Several analysts recently weighed in on GRAB shares. Benchmark reiterated a “buy” rating on shares of Grab in a report on Thursday, February 12th. Sanford C. Bernstein restated an “outperform” rating and issued a $5.80 price objective on shares of Grab in a report on Monday, January 26th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, January 16th. Wall Street Zen upgraded shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd.

Grab Trading Down 1.1%

NASDAQ GRAB opened at $3.71 on Wednesday. The stock has a market cap of $15.20 billion, a P/E ratio of 123.71, a price-to-earnings-growth ratio of 0.83 and a beta of 0.93. Grab has a fifty-two week low of $3.36 and a fifty-two week high of $6.62. The stock has a 50 day simple moving average of $4.36 and a two-hundred day simple moving average of $5.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75.

Grab (NASDAQ:GRAB) last posted its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. On average, analysts forecast that Grab will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC boosted its position in shares of Grab by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 129,340 shares of the company’s stock valued at $644,000 after purchasing an additional 2,665 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab in the fourth quarter worth $25,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Grab in the fourth quarter worth $506,000. Sunbelt Securities Inc. lifted its position in Grab by 624.7% during the fourth quarter. Sunbelt Securities Inc. now owns 7,522 shares of the company’s stock valued at $38,000 after buying an additional 6,484 shares during the period. Finally, Vident Advisory LLC lifted its position in Grab by 4.2% during the fourth quarter. Vident Advisory LLC now owns 373,204 shares of the company’s stock valued at $1,862,000 after buying an additional 14,965 shares during the period. 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.