Grab Holdings Limited (NASDAQ:GRAB) Receives $4.94 Average PT from Analysts

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given an average rating of “Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $4.94.

Several research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and raised their price target for the company from $3.60 to $3.80 in a report on Thursday, January 18th. Barclays cut their price target on shares of Grab from $4.50 to $4.30 and set an “overweight” rating on the stock in a report on Monday, February 5th. Finally, HSBC restated a “buy” rating and issued a $4.30 price target on shares of Grab in a report on Thursday.

Hedge Funds Weigh In On Grab

A number of hedge funds have recently added to or reduced their stakes in the business. Lake Street Advisors Group LLC increased its stake in Grab by 0.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock worth $2,465,000 after purchasing an additional 2,972 shares in the last quarter. FNY Investment Advisers LLC increased its stake in Grab by 12.9% in the 3rd quarter. FNY Investment Advisers LLC now owns 26,200 shares of the company’s stock worth $92,000 after purchasing an additional 3,000 shares in the last quarter. Creative Planning increased its stake in Grab by 14.2% in the 4th quarter. Creative Planning now owns 25,377 shares of the company’s stock worth $86,000 after purchasing an additional 3,165 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Grab by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 190,012 shares of the company’s stock worth $652,000 after purchasing an additional 3,295 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in Grab by 9.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock valued at $141,000 after acquiring an additional 3,510 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Trading Up 2.5 %

Shares of GRAB stock opened at $3.24 on Thursday. The firm has a market cap of $12.71 billion, a P/E ratio of -32.40 and a beta of 0.91. Grab has a 1-year low of $2.67 and a 1-year high of $3.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.90 and a quick ratio of 3.87. The firm’s 50-day simple moving average is $3.22 and its 200-day simple moving average is $3.23.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $633.82 million. During the same quarter last year, the firm posted ($0.10) earnings per share. Grab’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities analysts forecast that Grab will post 0.01 EPS for the current year.

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.