Traders Buy High Volume of Grab Call Options (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of unusually large options trading on Monday. Stock investors bought 94,115 call options on the stock. This is an increase of approximately 44% compared to the typical volume of 65,562 call options.

Institutional Trading of Grab

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRAB. Cambridge Investment Research Advisors Inc. bought a new position in shares of Grab during the 1st quarter worth approximately $108,000. Vontobel Holding Ltd. bought a new position in shares of Grab during the 1st quarter worth approximately $235,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Grab by 1.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 268,433 shares of the company’s stock worth $1,216,000 after buying an additional 3,764 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Grab by 74.5% during the 1st quarter. Teacher Retirement System of Texas now owns 1,818,896 shares of the company’s stock worth $8,240,000 after buying an additional 776,775 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Grab by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 6,197,665 shares of the company’s stock worth $28,075,000 after buying an additional 189,398 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analysts Set New Price Targets

GRAB has been the subject of several research analyst reports. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. HSBC reaffirmed a “hold” rating and issued a $6.20 price objective on shares of Grab in a research note on Wednesday, September 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grab in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Grab has a consensus rating of “Moderate Buy” and an average price target of $6.06.

Grab Trading Up 1.0%

Shares of Grab stock traded up $0.06 on Monday, hitting $6.07. The stock had a trading volume of 78,552,436 shares, compared to its average volume of 39,613,281. The stock has a 50 day moving average of $5.78 and a 200 day moving average of $5.22. Grab has a twelve month low of $3.36 and a twelve month high of $6.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.87 and a current ratio of 1.88. The firm has a market capitalization of $24.44 billion, a P/E ratio of 151.79 and a beta of 0.88.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $819.00 million during the quarter, compared to the consensus estimate of $809.41 million. Grab had a net margin of 3.65% and a return on equity of 1.75%. Sell-side analysts expect that Grab will post 0.05 earnings per share for the current fiscal year.

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.