Grab Holdings Limited (NASDAQ:GRAB) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.60.

Several equities analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. Citigroup reissued a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Barclays increased their price objective on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Hsbc Global Res upgraded shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, CLSA raised Grab to a “moderate buy” rating in a research report on Wednesday, April 9th.

Grab Trading Up 0.8%

Shares of Grab stock opened at $5.03 on Friday. The business has a fifty day simple moving average of $4.45 and a 200-day simple moving average of $4.68. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of -251.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72.

Grab (NASDAQ:GRAB) last issued its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. On average, equities analysts forecast that Grab will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRAB. Qtron Investments LLC lifted its holdings in Grab by 37.1% during the 1st quarter. Qtron Investments LLC now owns 107,292 shares of the company’s stock valued at $486,000 after purchasing an additional 29,033 shares during the last quarter. Northern Trust Corp raised its position in shares of Grab by 14.5% during the 1st quarter. Northern Trust Corp now owns 13,145,415 shares of the company’s stock valued at $59,549,000 after acquiring an additional 1,665,962 shares during the last quarter. Summit Securities Group LLC increased its holdings in Grab by 63.6% in the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock valued at $37,000 after purchasing an additional 3,199 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Grab by 17.0% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,002,040 shares of the company’s stock valued at $4,539,000 after acquiring an additional 145,900 shares during the period. Finally, American Century Companies Inc. raised its holdings in Grab by 55.0% in the first quarter. American Century Companies Inc. now owns 379,397 shares of the company’s stock worth $1,719,000 after purchasing an additional 134,636 shares during the period. Institutional investors own 55.52% of the company’s stock.

Grab Company Profile

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.