Grab Target of Unusually Large Options Trading (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) saw unusually large options trading on Thursday. Traders purchased 44,246 call options on the stock. This represents an increase of 565% compared to the typical volume of 6,656 call options.

Institutional Trading of Grab

Institutional investors have recently modified their holdings of the stock. Lake Street Advisors Group LLC lifted its position in shares of Grab by 0.4% during the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock worth $2,465,000 after buying an additional 2,972 shares during the last quarter. Creative Planning lifted its position in shares of Grab by 14.2% in the 4th quarter. Creative Planning now owns 25,377 shares of the company’s stock worth $86,000 after purchasing an additional 3,165 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Grab by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 190,012 shares of the company’s stock valued at $652,000 after acquiring an additional 3,295 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Grab by 9.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock valued at $141,000 after acquiring an additional 3,510 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Grab by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock valued at $148,000 after purchasing an additional 3,632 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Up 5.6 %

GRAB stock opened at $3.39 on Friday. The company has a current ratio of 3.90, a quick ratio of 3.87 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $13.30 billion, a PE ratio of -33.90 and a beta of 0.91. Grab has a 1-year low of $2.67 and a 1-year high of $3.92. The business’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.23.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Grab had a negative return on equity of 6.77% and a negative net margin of 18.43%. The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $633.82 million. During the same period in the prior year, the firm posted ($0.10) EPS. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, research analysts anticipate that Grab will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GRAB shares. Barclays cut their price objective on Grab from $4.50 to $4.30 and set an “overweight” rating on the stock in a report on Monday, February 5th. HSBC restated a “buy” rating and issued a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Grab presently has an average rating of “Buy” and an average price target of $5.10.

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.