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

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.54.

GRAB has been the subject of several research analyst reports. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and cut their target price for the company from $5.50 to $5.45 in a research note on Tuesday. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a research report on Thursday, November 21st. Barclays boosted their price target on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI lifted their price objective on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Finally, Mizuho upped their target price on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Grab Trading Up 12.6 %

Grab stock opened at $5.11 on Wednesday. Grab has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm has a market capitalization of $20.58 billion, a PE ratio of -255.50, a PEG ratio of 1.91 and a beta of 0.90. The business’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $4.15.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. During the same period in the previous year, the business posted ($0.02) EPS. Equities research analysts forecast that Grab will post -0.02 earnings per share for the current year.

Institutional Investors Weigh In On Grab

A number of hedge funds have recently made changes to their positions in the company. Perpetual Ltd bought a new stake in Grab during the fourth quarter worth about $213,177,000. Wellington Management Group LLP grew its position in Grab by 13.4% during the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock worth $472,394,000 after acquiring an additional 14,671,388 shares during the last quarter. Tree Line Advisors Hong Kong Ltd. acquired a new stake in Grab during the 3rd quarter valued at $38,000,000. Assenagon Asset Management S.A. raised its position in Grab by 109.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 16,946,914 shares of the company’s stock valued at $79,989,000 after purchasing an additional 8,868,071 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Grab by 179.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,462,483 shares of the company’s stock worth $47,357,000 after purchasing an additional 8,004,912 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.