Brokerages Set Grab Holdings Limited (NASDAQ:GRAB) PT at $6.19

Grab Holdings Limited (NASDAQ:GRAB) has been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $6.1889.

Several analysts have weighed in on GRAB shares. Morgan Stanley set a $5.90 price objective on Grab in a report on Wednesday, May 6th. Zacks Research cut Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Benchmark reissued a “buy” rating on shares of Grab in a report on Thursday, February 12th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th.

Insider Buying and Selling

In other news, CEO Anthony Ping Yeow Tan sold 400,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $3.67, for a total value of $1,468,000.00. Following the completion of the sale, the chief executive officer directly owned 25,193 shares of the company’s stock, valued at $92,458.31. This represents a 94.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $177,000.00. Following the completion of the sale, the chief financial officer directly owned 7,000,165 shares of the company’s stock, valued at approximately $24,780,584.10. This trade represents a 0.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,118,819 shares of company stock valued at $4,114,677. Insiders own 3.60% of the company’s stock.

Institutional Trading of Grab

A number of large investors have recently bought and sold shares of the business. Serenity Investment Advisors bought a new stake in Grab during the 1st quarter worth approximately $58,000. Groupe la Francaise increased its stake in Grab by 755.9% during the 1st quarter. Groupe la Francaise now owns 4,186,842 shares of the company’s stock worth $15,276,000 after purchasing an additional 3,697,656 shares in the last quarter. Bank of America Corp DE increased its stake in Grab by 80.2% during the 1st quarter. Bank of America Corp DE now owns 23,993,894 shares of the company’s stock worth $87,818,000 after purchasing an additional 10,681,810 shares in the last quarter. Janus Henderson Group PLC increased its stake in Grab by 50.0% during the 1st quarter. Janus Henderson Group PLC now owns 922,797 shares of the company’s stock worth $3,373,000 after purchasing an additional 307,399 shares in the last quarter. Finally, MSA Advisors LLC bought a new stake in Grab during the 1st quarter worth approximately $62,000. 55.52% of the stock is owned by institutional investors.

Grab Stock Performance

Shares of NASDAQ:GRAB opened at $3.54 on Monday. The stock has a market capitalization of $14.51 billion, a P/E ratio of 354.35, a P/E/G ratio of 1.61 and a beta of 0.93. Grab has a 1-year low of $3.39 and a 1-year high of $6.62. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $3.71 and a two-hundred day moving average price of $4.36.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data 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). The firm had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. Equities analysts predict that Grab will post 0.08 earnings per share for the current 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.