Grab (NASDAQ:GRAB) Shares Gap Up – What’s Next?

Shares of Grab Holdings Limited (NASDAQ:GRAB) gapped up prior to trading on Monday . The stock had previously closed at $4.90, but opened at $5.17. Grab shares last traded at $5.2750, with a volume of 12,372,327 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Wall Street Zen cut shares of Grab from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Benchmark increased their target price on shares of Grab from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Mizuho set a $7.00 price objective on shares of Grab in a research report on Tuesday, November 4th. Finally, Barclays lifted their target price on Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a report on Tuesday, November 11th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Grab has an average rating of “Moderate Buy” and an average target price of $6.37.

Grab Stock Performance

The stock has a market cap of $21.08 billion, a P/E ratio of 130.91 and a beta of 0.88. The stock has a fifty day simple moving average of $5.89 and a 200-day simple moving average of $5.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 1.83.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. Grab had a return on equity of 1.91% and a net margin of 3.81%. Grab has set its FY 2025 guidance at EPS. On average, equities analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Grab

A number of hedge funds and other institutional investors have recently bought and sold shares of GRAB. Norges Bank acquired a new position in shares of Grab during the 2nd quarter worth approximately $175,192,000. Nuveen LLC bought a new stake in shares of Grab during the first quarter worth approximately $85,143,000. Citigroup Inc. boosted its holdings in shares of Grab by 112.6% during the third quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock worth $195,041,000 after acquiring an additional 17,160,661 shares during the period. Invesco Ltd. boosted its stake in Grab by 24.9% in the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock valued at $480,383,000 after purchasing an additional 15,916,063 shares during the period. Finally, PointState Capital LP grew its holdings in Grab by 50.6% in the 1st quarter. PointState Capital LP now owns 35,148,819 shares of the company’s stock valued at $159,224,000 after buying an additional 11,804,514 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

About Grab

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.