Analysts Set Grab Holdings Limited (NASDAQ:GRAB) Price Target at $5.53

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $5.55.

GRAB has been the subject of a number of research analyst reports. Daiwa Capital Markets initiated coverage on Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price for the company. China Renaissance downgraded Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a report on Thursday, November 21st. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $4.90 to $5.10 in a report on Tuesday. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Tuesday, November 12th. Finally, Mizuho increased their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th.

Institutional Investors Weigh In On Grab

A number of hedge funds and other institutional investors have recently bought and sold shares of GRAB. Bank of New York Mellon Corp increased its position in shares of Grab by 52.4% during the second quarter. Bank of New York Mellon Corp now owns 4,837,740 shares of the company’s stock worth $17,174,000 after purchasing an additional 1,662,479 shares in the last quarter. Principal Financial Group Inc. grew its stake in Grab by 9.0% during the 2nd quarter. Principal Financial Group Inc. now owns 144,649 shares of the company’s stock worth $514,000 after buying an additional 11,987 shares during the last quarter. CIBC Asset Management Inc increased its position in Grab by 15.5% during the 2nd quarter. CIBC Asset Management Inc now owns 194,435 shares of the company’s stock valued at $690,000 after buying an additional 26,042 shares in the last quarter. TD Asset Management Inc raised its stake in Grab by 16.3% in the second quarter. TD Asset Management Inc now owns 594,362 shares of the company’s stock valued at $2,110,000 after buying an additional 83,096 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Grab in the second quarter worth about $327,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

GRAB stock opened at $4.49 on Friday. The firm has a market cap of $18.08 billion, a price-to-earnings ratio of -224.50 and a beta of 0.90. Grab has a twelve month low of $2.90 and a twelve month high of $5.72. 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 business’s fifty day simple moving average is $4.92 and its two-hundred day simple moving average is $4.01.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $716.00 million during the quarter, compared to analyst estimates of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter last year, the business posted ($0.02) EPS. Analysts predict that Grab will post -0.03 earnings per share for the current 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.