Analysts Set Grab Holdings Limited (NASDAQ:GRAB) Price Target at $5.48

Grab Holdings Limited (NASDAQ:GRAB) has received a consensus recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.48.

A number of research analysts have recently weighed in on GRAB shares. Evercore ISI lifted their price objective on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Mizuho lifted their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. lifted their price objective on Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Tuesday, November 12th. Finally, Daiwa Capital Markets started coverage on Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price objective on the stock.

Grab Stock Performance

Shares of NASDAQ:GRAB opened at $4.73 on Friday. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of -236.50 and a beta of 0.81. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.97 and a current ratio of 2.70. The stock’s 50-day simple moving average is $3.90 and its two-hundred day simple moving average is $3.62. Grab has a 52-week low of $2.90 and a 52-week high of $4.93.

Grab (NASDAQ:GRAB) last announced its earnings results on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $716.00 million for the quarter, compared to analysts’ expectations 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 last year, the firm posted ($0.02) earnings per share. Analysts expect that Grab will post -0.03 EPS for the current year.

Institutional Trading of Grab

A number of large investors have recently added to or reduced their stakes in GRAB. Empowered Funds LLC bought a new stake in Grab in the 1st quarter worth approximately $111,000. Sei Investments Co. increased its position in shares of Grab by 107.2% during the 1st quarter. Sei Investments Co. now owns 5,013,111 shares of the company’s stock valued at $15,741,000 after purchasing an additional 2,593,616 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Grab by 6.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,393,371 shares of the company’s stock valued at $10,655,000 after purchasing an additional 205,128 shares during the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Grab during the 1st quarter valued at approximately $32,000. Finally, Vanguard Group Inc. increased its position in shares of Grab by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 7,505,636 shares of the company’s stock valued at $23,568,000 after purchasing an additional 166,063 shares during the last quarter. Institutional investors own 55.52% of the company’s stock.

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.