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

Shares of Grab Holdings Limited (NASDAQ:GRAB) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.0056.

A number of brokerages have recently commented on GRAB. Barclays decreased their price objective on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Morgan Stanley reiterated an “overweight” rating and set a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. Mizuho lowered their price target on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th.

Insiders Place Their Bets

In related news, COO Alexander Charles Hungate sold 144,093 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total transaction of $497,120.85. Following the transaction, the chief operating officer directly owned 6,254,023 shares of the company’s stock, valued at approximately $21,576,379.35. The trade was a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $3.67, for a total value of $1,468,000.00. Following the transaction, the chief executive officer directly owned 25,193 shares in the company, valued at $92,458.31. The trade was a 94.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,366,093 shares of company stock valued at $4,912,921. 3.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Grab

Several institutional investors and hedge funds have recently modified their holdings of the stock. Pitcairn Co. raised its position in shares of Grab by 11.0% in the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after purchasing an additional 2,080 shares during the period. Adalta Capital Management LLC boosted its holdings in shares of Grab by 2.2% during 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 during the period. Thrivent Financial for Lutherans grew its stake in Grab by 7.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock valued at $161,000 after buying an additional 2,300 shares during the last quarter. Soros Fund Management LLC grew its stake in Grab by 19.7% in the 2nd quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock valued at $74,000 after buying an additional 2,419 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in Grab by 1.9% in the 4th quarter. Corient Private Wealth LLC now owns 129,144 shares of the company’s stock valued at $643,000 after acquiring an additional 2,469 shares during the period. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Price Performance

NASDAQ:GRAB opened at $3.94 on Tuesday. The stock has a market capitalization of $16.14 billion, a PE ratio of 394.39, a P/E/G ratio of 1.55 and a beta of 0.87. Grab has a 1-year low of $3.18 and a 1-year high of $6.62. The firm has a fifty day simple moving average of $3.60 and a 200 day simple moving average of $3.99. 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 (NASDAQ:GRAB) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a return on equity of 5.79% and a net margin of 10.67%.The firm had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. On average, research analysts expect that Grab will post 0.1 EPS for the current fiscal year.

Grab Company Profile

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.