Grab (NASDAQ:GRAB) Upgraded at HSBC

HSBC upgraded shares of Grab (NASDAQ:GRAB) from a hold rating to a buy rating in a report released on Tuesday morning, Marketbeat.com reports. They currently have $5.45 target price on the stock, down from their previous target price of $5.50.

A number of other research firms have also recently issued reports on GRAB. Mizuho increased their target price on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays upped their price target on shares of Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $4.90 to $5.10 in a research report on Tuesday, January 7th. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Grab in a report on Tuesday, November 12th. Finally, China Renaissance lowered Grab from a “buy” rating to a “hold” rating and set a $5.40 price target on the stock. in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.54.

Grab Trading Up 2.4 %

GRAB opened at $4.67 on Tuesday. Grab has a twelve month low of $2.98 and a twelve month high of $5.72. The firm has a market cap of $18.81 billion, a PE ratio of -233.50, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm’s fifty day moving average is $4.83 and its two-hundred day moving average is $4.15.

Grab (NASDAQ:GRAB) last posted its earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The firm had revenue of $716.00 million for the quarter, compared to analyst estimates of $705.40 million. During the same period in the previous year, the company posted ($0.02) earnings per share. Equities research analysts anticipate that Grab will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GRAB. Global Retirement Partners LLC bought a new position in shares of Grab in the fourth quarter valued at $30,000. Blue Trust Inc. grew its position in shares of 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 acquiring an additional 3,408 shares during the period. New York Life Investment Management LLC bought a new stake in shares of Grab in the 4th quarter valued at about $48,000. SeaBridge Investment Advisors LLC bought a new stake in shares of Grab in the 4th quarter valued at about $48,000. Finally, Atria Wealth Solutions Inc. bought a new position in Grab during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.