Grab (NASDAQ:GRAB) Receives “Hold” Rating from HSBC

HSBC reissued their hold rating on shares of Grab (NASDAQ:GRAB) in a report released on Wednesday, MarketBeat Ratings reports. HSBC currently has a $6.20 price objective on the stock.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $6.10 on Wednesday. The company has a quick ratio of 1.87, a current ratio of 1.88 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $5.18 and its two-hundred day moving average is $4.83. The company has a market cap of $24.56 billion, a P/E ratio of 152.54 and a beta of 0.84. Grab has a 12 month low of $3.36 and a 12 month high of $6.42.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $819.00 million for the quarter, compared to the consensus estimate of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Grab has set its FY 2025 guidance at EPS. On average, equities analysts expect that Grab will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Garde Capital Inc. bought a new position in Grab in the 1st quarter worth approximately $29,000. AlphaCore Capital LLC bought a new stake in shares of Grab during the second quarter valued at approximately $33,000. Summit Securities Group LLC increased its position in shares of Grab by 63.6% during the first quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock valued at $37,000 after purchasing an additional 3,199 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Grab by 51.2% during the second quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after purchasing an additional 2,634 shares during the period. Finally, J2 Capital Management Inc bought a new stake in shares of Grab during the first quarter valued at approximately $45,000. 55.52% of the stock is owned by institutional investors.

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.