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

Grab Holdings Limited (NASDAQ:GRAB) has been given a consensus recommendation of “Buy” by the nine analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $6.4714.

GRAB has been the topic of a number of analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $5.80 price target on shares of Grab in a research note on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Thursday. Mizuho set a $7.00 target price on Grab in a research report on Tuesday, November 4th. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a report on Friday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $7.00 price target on shares of Grab in a research note on Tuesday, November 4th.

Grab Stock Down 0.4%

Grab stock opened at $4.56 on Tuesday. The firm has a market capitalization of $18.36 billion, a P/E ratio of 114.03 and a beta of 0.90. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. Grab has a twelve month low of $3.36 and a twelve month high of $6.62. The stock’s fifty day simple moving average is $5.00 and its 200-day simple moving average is $5.35.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $873.00 million for the quarter, compared to analyst estimates of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. As a group, equities analysts expect that Grab will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in Grab in the third quarter valued at $38,000. AlphaCore Capital LLC acquired a new stake in shares of Grab during the second quarter worth about $33,000. Signaturefd LLC increased its position in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after purchasing an additional 2,543 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Grab by 162,500.0% in the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Grab by 51.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock valued at $39,000 after purchasing an additional 2,634 shares during the period. 55.52% of the stock is 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.