Grab (NASDAQ:GRAB) Upgraded 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 issued to investors on Friday.

Other equities analysts have also recently issued reports about the stock. Mizuho set a $7.00 price objective on shares of Grab in a research report on Tuesday, November 4th. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. 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. Benchmark boosted their price objective on Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $7.00 target price on shares of Grab in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.58.

Grab Trading Up 0.7%

Grab stock opened at $4.58 on Friday. The stock has a 50-day simple moving average of $5.02 and a 200 day simple moving average of $5.35. The stock has a market capitalization of $18.44 billion, a P/E ratio of 114.53 and a beta of 0.90. 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 has a 52 week low of $3.36 and a 52 week high of $6.62.

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

Institutional Investors Weigh In On Grab

A number of large investors have recently added to or reduced their stakes in GRAB. EverSource Wealth Advisors LLC raised its holdings in Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock valued at $82,000 after acquiring an additional 1,768 shares in the last quarter. Savant Capital LLC increased its position in shares of Grab by 19.3% in the third quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after purchasing an additional 1,957 shares during the period. Miracle Mile Advisors LLC raised its stake in Grab by 6.4% in the third quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock valued at $200,000 after purchasing an additional 2,007 shares in the last quarter. Centurion Wealth Management LLC lifted its position in Grab by 4.4% during the third quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock worth $294,000 after purchasing an additional 2,049 shares during the period. Finally, Pitcairn Co. grew its stake in Grab by 11.0% during the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after buying an additional 2,080 shares in the last quarter. Institutional investors and hedge funds 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.