Investors Purchase High Volume of Grab Call Options (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of some unusual options trading activity on Friday. Traders acquired 101,287 call options on the company. This is an increase of 229% compared to the average daily volume of 30,784 call options.

Institutional Trading of Grab

Institutional investors and hedge funds have recently modified their holdings of the stock. Twin Tree Management LP bought a new stake in Grab during the 4th quarter valued at $25,000. Campbell Capital Management Inc. purchased a new stake in Grab in the fourth quarter worth about $30,000. Global Retirement Partners LLC bought a new stake in shares of Grab in the 4th quarter valued at about $30,000. Garde Capital Inc. purchased a new stake in shares of Grab in the 1st quarter worth approximately $29,000. Finally, TD Private Client Wealth LLC boosted its stake 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 valued at $38,000 after purchasing an additional 7,890 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

GRAB stock opened at $4.78 on Friday. Grab has a twelve month low of $2.98 and a twelve month high of $5.72. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of -239.00, a PEG ratio of 2.26 and a beta of 0.88. The business’s fifty day simple moving average is $4.43 and its two-hundred day simple moving average is $4.59. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Analysts predict that Grab will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GRAB shares. Citigroup reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Barclays increased their price target on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Grab in a report on Thursday, February 20th. Finally, JPMorgan Chase & Co. decreased their price target on Grab from $5.60 to $5.30 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.60.

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.