Grab (NASDAQ:GRAB) Rating Lowered to “Hold” at HSBC

HSBC lowered shares of Grab (NASDAQ:GRAB) from a buy rating to a hold rating in a research report released on Thursday, MarketBeat reports. HSBC currently has $5.50 price target on the stock, up from their previous price target of $4.25.

Several other research analysts also recently commented on the company. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a report on Thursday, November 21st. Bank of America downgraded Grab from a “buy” rating to an “underperform” rating and set a $4.90 target price on the stock. in a report on Friday, November 22nd. Mizuho lifted their target price on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a report on Tuesday, November 12th. Finally, Barclays boosted their price objective on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.53.

Grab Trading Down 1.9 %

NASDAQ GRAB opened at $5.14 on Thursday. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab has a twelve month low of $2.90 and a twelve month high of $5.72. The company has a market cap of $20.70 billion, a price-to-earnings ratio of -257.00 and a beta of 0.90. The business’s fifty day moving average is $4.39 and its 200 day moving average is $3.79.

Grab (NASDAQ:GRAB) last announced its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same period in the previous year, the business earned ($0.02) EPS. As a group, sell-side analysts expect that Grab will post -0.03 EPS for the current fiscal year.

Institutional Trading of Grab

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in Grab by 53.6% in the 3rd 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 in the last quarter. Sage Rhino Capital LLC bought a new stake in Grab in the 2nd quarter valued at about $38,000. Traynor Capital Management Inc. bought a new stake in Grab in the 3rd quarter valued at about $41,000. Dorsey & Whitney Trust CO LLC increased its position in Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after buying an additional 3,795 shares in the last quarter. Finally, Prospect Financial Services LLC bought a new stake in Grab in the 2nd quarter valued at about $53,000. 55.52% of the stock is owned by institutional investors.

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.