Grab Holdings Limited (NASDAQ:GRAB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $6.1889.

A number of analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $5.80 price target on shares of Grab in a report on Monday, January 26th. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, May 6th. Finally, Morgan Stanley set a $5.90 price target on shares of Grab in a report on Wednesday, May 6th.

Grab Stock Performance

NASDAQ GRAB opened at $3.51 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 351.35, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93. The company’s 50-day simple moving average is $3.73 and its two-hundred day simple moving average is $4.43. Grab has a one year low of $3.39 and a one year high of $6.62.

Grab (NASDAQ:GRAB) last posted its earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. Equities analysts forecast that Grab will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $177,000.00. Following the sale, the chief financial officer directly owned 7,000,165 shares in the company, valued at approximately $24,780,584.10. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $3.59, for a total transaction of $136,420.00. Following the completion of the sale, the insider owned 3,822,988 shares in the company, valued at $13,724,526.92. This represents a 0.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,070,819 shares of company stock worth $3,944,277. Insiders own 3.60% of the company’s stock.

Institutional Trading of Grab

A number of institutional investors have recently bought and sold shares of the stock. Invesco Ltd. boosted its stake in Grab by 24.9% in the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock worth $480,383,000 after purchasing an additional 15,916,063 shares in the last quarter. Marshall Wace LLP boosted its stake in Grab by 49.2% in the 4th quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock worth $361,542,000 after purchasing an additional 23,891,108 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Grab by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 56,669,014 shares of the company’s stock worth $282,778,000 after purchasing an additional 878,966 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Grab by 58.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock worth $200,957,000 after purchasing an additional 20,152,535 shares in the last quarter. Finally, State Street Corp boosted its stake in Grab by 5.7% in the 4th quarter. State Street Corp now owns 45,938,139 shares of the company’s stock worth $229,231,000 after purchasing an additional 2,466,572 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

About Grab

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.