Analysts Set Grab Holdings Limited (NASDAQ:GRAB) Price Target at $6.47

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average rating of “Buy” from the seven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.4714.

A number of equities research analysts have recently commented on the stock. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a report on Friday, January 16th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. Benchmark reiterated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research note on Thursday, January 22nd.

Hedge Funds Weigh In On Grab

A number of hedge funds have recently bought and sold shares of GRAB. Rockefeller Capital Management L.P. boosted its holdings in shares of Grab by 42.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 115,817 shares of the company’s stock valued at $578,000 after acquiring an additional 34,393 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Grab by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 129,340 shares of the company’s stock valued at $644,000 after purchasing an additional 2,665 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab during the fourth quarter valued at approximately $25,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Grab during the fourth quarter valued at approximately $506,000. Finally, Sunbelt Securities Inc. boosted its holdings in Grab by 624.7% in the fourth quarter. Sunbelt Securities Inc. now owns 7,522 shares of the company’s stock worth $38,000 after purchasing an additional 6,484 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

Shares of Grab stock opened at $3.84 on Wednesday. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 128.04, a PEG ratio of 0.84 and a beta of 0.93. The firm’s 50-day moving average is $4.30 and its 200 day moving average is $5.12. Grab has a 1 year low of $3.36 and a 1 year high of $6.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $906.00 million during the quarter, compared to analyst estimates of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. Sell-side analysts anticipate that Grab will post 0.05 EPS for the current fiscal year.

About Grab

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.