Brokerages Set Grab Holdings Limited (NASDAQ:GRAB) Target Price at $6.39

Grab Holdings Limited (NASDAQ:GRAB) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $6.3889.

Several research firms have issued reports on GRAB. Hsbc Global Res lowered Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a research note on Wednesday, October 8th. HSBC reissued a “hold” rating and issued a $6.20 target price on shares of Grab in a report on Wednesday, September 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $7.00 price target on shares of Grab in a report on Tuesday. Finally, Benchmark raised their price objective on shares of Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th.

Grab Stock Down 1.2%

Shares of GRAB stock opened at $5.56 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.87 and a debt-to-equity ratio of 0.05. Grab has a 12 month low of $3.36 and a 12 month high of $6.62. The stock has a market cap of $22.39 billion, a P/E ratio of 139.03 and a beta of 0.88. The company has a 50 day simple moving average of $5.85 and a two-hundred day simple moving average of $5.26.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $873.00 million for the quarter, compared to analysts’ expectations of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. Grab has set its FY 2025 guidance at EPS. On average, research analysts expect that Grab will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Grab

Several large investors have recently made changes to their positions in GRAB. AlphaCore Capital LLC bought a new position in Grab in the 2nd quarter worth approximately $33,000. Summit Securities Group LLC lifted its stake in Grab by 63.6% in the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company’s stock worth $37,000 after purchasing an additional 3,199 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Grab by 51.2% during the 2nd 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 last quarter. Proficio Capital Partners LLC purchased a new position in shares of Grab during the first quarter valued at about $45,000. Finally, Prospera Financial Services Inc bought a new stake in shares of Grab in the second quarter worth about $50,000. 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.