Grab (NASDAQ:GRAB) Stock Rating Lowered by Hsbc Global Res

Grab (NASDAQ:GRAB) was downgraded by equities researchers at Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, HSBC reissued a “hold” rating and set a $6.20 price target on shares of Grab in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Grab Price Performance

NASDAQ:GRAB opened at $6.35 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 simple moving average is $5.21 and its two-hundred day simple moving average is $4.84. The stock has a market cap of $25.57 billion, a PE ratio of 158.79 and a beta of 0.84. Grab has a 52 week low of $3.36 and a 52 week high of $6.50.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $819.00 million for the quarter, compared to analysts’ expectations 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. As a group, analysts forecast that Grab will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Grab

Several large investors have recently made changes to their positions in GRAB. Cetera Investment Advisers bought a new stake in shares of Grab in the fourth quarter worth about $321,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Grab by 186.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,891 shares of the company’s stock worth $146,000 after purchasing an additional 20,102 shares during the last quarter. Man Group plc increased its holdings in shares of Grab by 443.0% in the fourth quarter. Man Group plc now owns 540,211 shares of the company’s stock worth $2,550,000 after purchasing an additional 440,720 shares during the last quarter. Quantinno Capital Management LP increased its stake in Grab by 532.9% during the fourth quarter. Quantinno Capital Management LP now owns 181,522 shares of the company’s stock worth $857,000 after acquiring an additional 152,839 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Grab during the fourth quarter worth approximately $73,000. 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.