Grab Holdings Limited (NASDAQ:GRAB) Receives Average Rating of “Moderate Buy” from Analysts

Grab Holdings Limited (NASDAQ:GRAB) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $6.3714.

Several research analysts recently issued reports on the stock. Mizuho set a $7.00 target price on shares of Grab in a report on Tuesday, November 4th. Benchmark increased their target price on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Barclays upped their price target on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Wall Street Zen lowered shares of Grab from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $7.00 price objective on shares of Grab in a research note on Tuesday, November 4th.

Hedge Funds Weigh In On Grab

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in Grab by 55.0% during the 1st quarter. American Century Companies Inc. now owns 379,397 shares of the company’s stock valued at $1,719,000 after buying an additional 134,636 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Grab by 16.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 25,025 shares of the company’s stock worth $113,000 after acquiring an additional 3,465 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Grab by 25.9% during the first quarter. Smartleaf Asset Management LLC now owns 16,664 shares of the company’s stock valued at $76,000 after purchasing an additional 3,430 shares in the last quarter. Corebridge Financial Inc. increased its stake in shares of Grab by 4.9% in the first quarter. Corebridge Financial Inc. now owns 340,657 shares of the company’s stock worth $1,543,000 after acquiring an additional 15,765 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Grab by 14.3% in the 1st quarter. Ieq Capital LLC now owns 169,077 shares of the company’s stock valued at $766,000 after buying an additional 21,172 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Up 1.3%

Grab stock opened at $5.15 on Friday. Grab has a 12 month low of $3.36 and a 12 month high of $6.62. The business’s fifty day simple moving average is $5.42 and its two-hundred day simple moving average is $5.34. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 128.66 and a beta of 0.89. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05.

Grab (NASDAQ:GRAB) last released 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). Grab had a net margin of 3.81% and a return on equity of 1.91%. The firm had revenue of $873.00 million for the quarter, compared to the consensus estimate of $870.44 million. As a group, equities analysts predict that Grab will post 0.05 earnings per share for the current fiscal year.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.