Grab Sees Unusually Large Options Volume (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of unusually large options trading on Tuesday. Investors acquired 10,837 call options on the company. This is an increase of approximately 235% compared to the average volume of 3,234 call options.

Grab Price Performance

GRAB stock traded up $0.17 during trading on Tuesday, hitting $4.20. The stock had a trading volume of 9,951,922 shares, compared to its average volume of 23,158,506. Grab has a 1-year low of $2.90 and a 1-year high of $4.21. The stock has a market cap of $16.48 billion, a price-to-earnings ratio of -60.00 and a beta of 0.83. The company’s 50 day moving average price is $3.48 and its two-hundred day moving average price is $3.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.97 and a current ratio of 3.00.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, August 15th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $664.00 million during the quarter, compared to analysts’ expectations of $674.17 million. Grab had a negative net margin of 8.24% and a negative return on equity of 3.35%. Grab’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. On average, sell-side analysts forecast that Grab will post -0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on GRAB. Benchmark reissued a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Wednesday, September 11th. Jefferies Financial Group reduced their price objective on shares of Grab from $5.00 to $4.70 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Finally, Mizuho initiated coverage on shares of Grab in a research report on Thursday, June 27th. They set an “outperform” rating and a $5.00 target price on the stock. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $4.71.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GRAB. Miracle Mile Advisors LLC purchased a new position in shares of Grab in the 1st quarter worth $32,000. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of Grab during the 1st quarter worth about $32,000. Callan Capital LLC acquired a new stake in Grab during the 1st quarter worth approximately $34,000. Blue Trust Inc. raised its holdings in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the period. Finally, Sage Rhino Capital LLC acquired a new position in Grab during the second quarter valued at approximately $38,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Company Profile

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.