Grab Holdings Limited (NASDAQ:GRAB) Given Consensus Rating of “Moderate Buy” by Analysts

Grab Holdings Limited (NASDAQ:GRAB) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $6.3714.

GRAB has been the subject of a number of research reports. Benchmark raised their target price on Grab from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a research report on Wednesday, October 8th. Jefferies Financial Group reiterated a “buy” rating and set a $7.00 target price on shares of Grab in a research report on Tuesday, November 4th. Wall Street Zen cut shares of Grab from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Hsbc Global Res lowered shares of Grab from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th.

Grab Stock Up 2.4%

Shares of GRAB opened at $5.45 on Monday. The company has a quick ratio of 1.81, a current ratio of 1.83 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $5.80 and a two-hundred day moving average price of $5.32. The stock has a market cap of $21.95 billion, a price-to-earnings ratio of 136.28 and a beta of 0.89. Grab has a 12 month low of $3.36 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $873.00 million during the quarter, compared to the consensus estimate of $870.44 million. Grab had a net margin of 3.81% and a return on equity of 1.91%. Grab has set its FY 2025 guidance at EPS. Equities analysts predict that Grab will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Grab

Several large investors have recently made changes to their positions in the company. Amundi boosted its position in shares of Grab by 102.3% in the 1st quarter. Amundi now owns 3,349,450 shares of the company’s stock worth $14,269,000 after purchasing an additional 1,693,598 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Grab by 18.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 17,261,794 shares of the company’s stock valued at $78,196,000 after purchasing an additional 2,679,277 shares during the last quarter. SCS Capital Management LLC acquired a new position in Grab in the first quarter valued at about $1,197,000. Nordea Investment Management AB lifted its stake in Grab by 2.6% in the second quarter. Nordea Investment Management AB now owns 17,190,535 shares of the company’s stock valued at $87,586,000 after buying an additional 437,197 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in Grab by 559.1% during the second quarter. Exchange Traded Concepts LLC now owns 1,773,947 shares of the company’s stock worth $8,923,000 after buying an additional 1,504,799 shares during the last quarter. Institutional investors and hedge funds 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.