Grab Holdings Limited (NASDAQ:GRAB) Receives $6.01 Consensus PT from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.0056.

Several analysts have recently commented on the stock. Mizuho dropped their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, May 6th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.57 on Tuesday. The business’s 50 day moving average price is $3.60 and its 200 day moving average price is $3.96. The firm has a market cap of $14.63 billion, a P/E ratio of 357.36, a P/E/G ratio of 1.37 and a beta of 0.87. Grab has a 52 week low of $3.18 and a 52 week high of $6.62. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a return on equity of 5.79% and a net margin of 10.67%.The business had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. On average, sell-side analysts expect that Grab will post 0.1 earnings per share for the current year.

Insider Activity at Grab

In other news, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.53, for a total transaction of $176,500.00. Following the sale, the chief financial officer directly owned 6,950,165 shares in the company, valued at $24,534,082.45. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $3.88, for a total value of $147,440.00. Following the completion of the sale, the insider directly owned 3,708,611 shares in the company, valued at approximately $14,389,410.68. The trade was a 1.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,666,093 shares of company stock valued at $6,083,321 in the last quarter. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Grab

Large investors have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Grab in the 4th quarter worth $25,000. Montag A & Associates Inc. purchased a new position in Grab during the first quarter worth about $27,000. Parallel Advisors LLC raised its stake in Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after purchasing an additional 4,601 shares during the period. Signaturefd LLC boosted its holdings in Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after purchasing an additional 2,543 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new position in Grab in the 4th quarter valued at about $35,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

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.