Grab Holdings Limited (NASDAQ:GRAB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.71.

GRAB has been the topic of several research analyst reports. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. CLSA upgraded shares of Grab to a “moderate buy” rating in a report on Wednesday, April 9th. Barclays boosted their price target on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and lowered their price target for the company from $5.50 to $5.45 in a report on Tuesday, February 4th.

Grab Trading Down 0.4%

Shares of Grab stock opened at $4.85 on Tuesday. The stock has a market capitalization of $19.53 billion, a P/E ratio of -242.50, a P/E/G ratio of 2.26 and a beta of 0.86. 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 stock’s 50-day simple moving average is $4.58 and its 200 day simple moving average is $4.74.

Hedge Funds Weigh In On Grab

Large investors have recently made changes to their positions in the business. Baillie Gifford & Co. raised its holdings in Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock worth $221,942,000 after buying an additional 4,259,537 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Grab by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,707,627 shares of the company’s stock valued at $22,220,000 after purchasing an additional 134,243 shares during the period. Smartleaf Asset Management LLC increased its holdings in Grab by 570.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 13,234 shares of the company’s stock valued at $63,000 after buying an additional 11,259 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Grab in the fourth quarter worth approximately $49,000. Finally, Blue Trust Inc. lifted its position in Grab by 98.5% during the fourth quarter. Blue Trust Inc. now owns 19,389 shares of the company’s stock valued at $92,000 after purchasing an additional 9,622 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

About Grab

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.