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

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $5.62.

Several research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Barclays upped their price target on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 target price for the company in a report on Friday, February 21st. Finally, Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th.

Hedge Funds Weigh In On Grab

Several institutional investors have recently bought and sold shares of the company. Twin Tree Management LP purchased a new stake in shares of Grab in the fourth quarter valued at about $25,000. Campbell Capital Management Inc. purchased a new stake in Grab in the 4th quarter valued at approximately $30,000. Global Retirement Partners LLC acquired a new position in Grab during the 4th quarter worth approximately $30,000. TD Private Client Wealth LLC raised its stake in shares of Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock worth $38,000 after buying an additional 7,890 shares in the last quarter. Finally, Allianz SE purchased a new stake in shares of Grab in the fourth quarter valued at approximately $44,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Up 5.3 %

Shares of NASDAQ:GRAB opened at $4.78 on Thursday. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The firm’s 50 day moving average price is $4.68 and its 200 day moving average price is $4.50. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of -239.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. The business had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. As a group, equities research analysts predict that Grab will post 0.05 earnings per share for the current fiscal year.

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.