Grab Holdings Limited (NASDAQ:GRAB) Receives $4.71 Consensus Target Price from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus rating of “Buy” from the seven research firms that are covering the company, Marketbeat reports. Seven research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is $4.71.

Several equities analysts have weighed in on GRAB shares. Mizuho initiated coverage on Grab in a research report on Thursday, June 27th. They set an “outperform” rating and a $5.00 price target for the company. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Grab in a report on Wednesday, September 11th. Finally, Jefferies Financial Group dropped their price target on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research report on Wednesday, July 17th.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.77 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00. The company’s fifty day moving average is $3.39 and its two-hundred day moving average is $3.44. Grab has a one year low of $2.90 and a one year high of $3.88. The firm has a market capitalization of $14.79 billion, a P/E ratio of -53.86 and a beta of 0.81.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, August 15th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $664.00 million for the quarter, compared to analyst estimates of $674.17 million. Grab had a negative return on equity of 3.35% and a negative net margin of 8.24%. Grab’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Analysts forecast that Grab will post -0.01 EPS for the current fiscal year.

Institutional Trading of Grab

Large investors have recently modified their holdings of the company. Congress Wealth Management LLC DE increased its stake in shares of Grab by 105.0% in the fourth quarter. Congress Wealth Management LLC DE now owns 81,447 shares of the company’s stock valued at $274,000 after purchasing an additional 41,711 shares during the period. Hsbc Holdings PLC boosted its position in Grab by 594.7% during the 4th quarter. Hsbc Holdings PLC now owns 3,274,541 shares of the company’s stock worth $11,028,000 after acquiring an additional 3,936,451 shares during the period. Artisan Partners Limited Partnership grew its stake in shares of Grab by 11.3% in the fourth quarter. Artisan Partners Limited Partnership now owns 24,894,289 shares of the company’s stock worth $83,894,000 after purchasing an additional 2,523,484 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Grab by 2.8% during the fourth quarter. TD Asset Management Inc now owns 390,966 shares of the company’s stock valued at $1,318,000 after purchasing an additional 10,646 shares during the period. Finally, Capstone Investment Advisors LLC raised its stake in shares of Grab by 580.9% during the fourth quarter. Capstone Investment Advisors LLC now owns 221,968 shares of the company’s stock valued at $748,000 after purchasing an additional 189,370 shares in the last quarter. Institutional investors and hedge funds 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.