Grab (NASDAQ:GRAB) Stock Price Down 9% – Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB)’s share price dropped 9% on Monday . The stock traded as low as $4.13 and last traded at $4.18. Approximately 26,376,714 shares traded hands during trading, a decline of 6% from the average daily volume of 28,090,414 shares. The stock had previously closed at $4.59.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GRAB. Evercore ISI upped their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a report on Friday, February 21st. Barclays boosted their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research report on Thursday, February 20th. Finally, Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grab has an average rating of “Moderate Buy” and an average price target of $5.62.

Grab Stock Performance

The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of -206.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The firm’s fifty day moving average price is $4.72 and its 200 day moving average price is $4.40.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. Analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Institutional Trading of Grab

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