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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.1889.

GRAB has been the subject of several recent research reports. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, May 6th. Mizuho dropped their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley set a $5.90 price target on shares of Grab in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th.

Grab Stock Down 0.9%

NASDAQ GRAB opened at $3.46 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. The firm has a 50-day simple moving average of $3.63 and a 200 day simple moving average of $4.10. Grab has a twelve month low of $3.18 and a twelve month high of $6.62. The stock has a market cap of $14.18 billion, a PE ratio of 346.35, a PEG ratio of 1.58 and a beta of 0.89.

Grab (NASDAQ:GRAB) last released its 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 net margin of 10.67% and a return on equity of 5.79%. The company had revenue of $955.00 million during the quarter, compared to the consensus estimate of $921.71 million. On average, research analysts forecast that Grab will post 0.08 EPS for the current year.

Insider Buying and Selling at Grab

In related news, CEO Anthony Ping Yeow Tan sold 400,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $3.67, for a total value of $1,468,000.00. Following the completion of the transaction, the chief executive officer owned 25,193 shares of the company’s stock, valued at $92,458.31. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Charles Hungate sold 144,093 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total transaction of $497,120.85. Following the completion of the transaction, the chief operating officer directly owned 6,254,023 shares of the company’s stock, valued at $21,576,379.35. This trade represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,766,093 shares of company stock worth $6,375,041. 3.60% of the stock is currently owned by company insiders.

Institutional Trading of Grab

A number of hedge funds and other institutional investors have recently modified their holdings of GRAB. Integrated Wealth Concepts LLC increased its holdings in shares of Grab by 201.2% in the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after purchasing an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Grab by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock valued at $41,817,000 after purchasing an additional 529,433 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Grab by 6.2% in the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock valued at $239,000 after purchasing an additional 3,090 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Grab in the first quarter valued at approximately $63,000. Finally, Cetera Investment Advisers increased its holdings in shares of Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock valued at $537,000 after purchasing an additional 11,158 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.