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

Grab Holdings Limited (NASDAQ:GRAB) has earned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $6.1889.

A number of research analysts have issued reports on GRAB shares. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Morgan Stanley set a $5.90 price target on Grab in a research report on Wednesday, May 6th. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Wednesday, May 6th. Finally, Mizuho reduced their price target on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th.

Grab Price Performance

Shares of GRAB opened at $3.57 on Friday. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 357.36, a PEG ratio of 1.57 and a beta of 0.89. The stock has a 50 day moving average of $3.65 and a 200-day moving average of $4.16. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. Grab has a 52 week low of $3.18 and a 52 week high of $6.62.

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

Insider Transactions at Grab

In other news, CEO Anthony Ping Yeow Tan sold 400,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $3.51, for a total value of $1,404,000.00. Following the sale, the chief executive officer owned 425,193 shares of the company’s stock, valued at approximately $1,492,427.43. The trade was a 48.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 38,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.43, for a total value of $130,340.00. Following the completion of the sale, the insider directly owned 3,743,306 shares in the company, valued at $12,839,539.58. This represents a 1.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,622,000 shares of company stock worth $5,877,920 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Grab

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock worth $82,000 after buying an additional 1,768 shares in the last quarter. Pitcairn Co. raised its stake in shares of Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after buying an additional 2,080 shares in the last quarter. Adalta Capital Management LLC raised its stake in shares of Grab by 2.2% in the 3rd quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after buying an additional 2,200 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Grab by 7.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after buying an additional 2,300 shares in the last quarter. Finally, Soros Fund Management LLC raised its stake in shares of Grab by 19.7% in the 2nd quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock worth $74,000 after buying an additional 2,419 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

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.