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

Grab Holdings Limited (NASDAQ:GRAB) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $6.0056.

A number of analysts recently issued reports on GRAB shares. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Morgan Stanley reissued an “overweight” rating and issued a $6.25 price objective on shares of Grab in a research note on Tuesday, June 30th. Weiss Ratings lowered shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Barclays lowered their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, August 4th.

Grab Price Performance

NASDAQ:GRAB opened at $3.25 on Wednesday. The firm’s fifty day moving average is $3.61 and its two-hundred day moving average is $3.68. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 54.18, a PEG ratio of 0.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.52. Grab has a one year low of $3.18 and a one year high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The business had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Research analysts expect that Grab will post 0.13 EPS for the current year.

Insider Activity at Grab

In other Grab news, COO Alexander Hungate sold 145,349 shares of Grab stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $3.48, for a total transaction of $505,814.52. Following the completion of the sale, the chief operating officer directly owned 6,111,979 shares in the company, valued at $21,269,686.92. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Ong sold 38,000 shares of Grab stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $3.61, for a total transaction of $137,180.00. Following the completion of the sale, the insider owned 3,670,611 shares of the company’s stock, valued at $13,250,905.71. This trade represents a 1.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,763,442 shares of company stock worth $6,405,495. 3.60% of the stock is owned by corporate insiders.

Institutional Trading of Grab

Several hedge funds have recently modified their holdings of GRAB. Principal Financial Group Inc. lifted its holdings in shares of Grab by 28.9% in the 4th quarter. Principal Financial Group Inc. now owns 13,177,391 shares of the company’s stock valued at $65,755,000 after purchasing an additional 2,956,486 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in Grab during the 2nd quarter worth $10,119,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in Grab by 17.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,041,490 shares of the company’s stock valued at $7,696,000 after purchasing an additional 296,256 shares during the period. DNB Asset Management AS boosted its stake in shares of Grab by 52.4% in the fourth quarter. DNB Asset Management AS now owns 2,949,398 shares of the company’s stock valued at $14,717,000 after buying an additional 1,014,166 shares in the last quarter. Finally, WFM ASIA BVI Ltd boosted its position in shares of Grab by 12.5% during the 4th quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company’s stock worth $188,003,000 after purchasing an additional 4,194,477 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

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.