Stock Traders Buy High Volume of Grab Call Options (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) saw unusually large options trading on Monday. Traders purchased 94,115 call options on the stock. This is an increase of 44% compared to the average volume of 65,562 call options.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Grab in the 1st quarter valued at $108,000. Vontobel Holding Ltd. purchased a new position in shares of Grab during the 1st quarter valued at $235,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Grab by 1.4% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 268,433 shares of the company’s stock valued at $1,216,000 after buying an additional 3,764 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Grab by 74.5% during the first quarter. Teacher Retirement System of Texas now owns 1,818,896 shares of the company’s stock worth $8,240,000 after purchasing an additional 776,775 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Grab by 3.2% during the first quarter. Principal Financial Group Inc. now owns 6,197,665 shares of the company’s stock valued at $28,075,000 after buying an additional 189,398 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GRAB. HSBC reiterated a “hold” rating and issued a $6.20 price objective on shares of Grab in a research report on Wednesday, September 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Finally, Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Grab presently has a consensus rating of “Moderate Buy” and an average target price of $6.06.

Grab Stock Up 1.0%

Shares of NASDAQ:GRAB opened at $6.07 on Tuesday. Grab has a 12-month low of $3.36 and a 12-month high of $6.62. The stock has a fifty day simple moving average of $5.80 and a two-hundred day simple moving average of $5.23. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $24.44 billion, a price-to-earnings ratio of 151.79 and a beta of 0.88.

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.