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

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of unusually large options trading activity on Monday. Traders bought 18,674 call options on the company. This is an increase of approximately 54% compared to the typical volume of 12,099 call options.

Institutional Trading of Grab

Several large investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in shares of Grab by 8.1% during the second quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company’s stock worth $143,000 after purchasing an additional 3,020 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Grab by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock valued at $166,000 after buying an additional 3,147 shares during the period. Blue Trust Inc. lifted its stake in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after acquiring an additional 3,408 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in Grab by 37.0% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after acquiring an additional 3,795 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Grab by 0.5% in the third quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company’s stock worth $2,951,000 after purchasing an additional 3,941 shares during the period. 55.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GRAB has been the subject of a number of research analyst reports. Evercore ISI increased their target price on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th. Benchmark restated a “buy” rating and issued a $6.00 target price on shares of Grab in a research note on Tuesday, November 12th. Bank of America downgraded Grab from a “buy” rating to an “underperform” rating and set a $4.90 price target for the company. in a research note on Friday, November 22nd. Barclays boosted their price target on Grab from $4.70 to $5.50 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Finally, HSBC lowered shares of Grab from a “buy” rating to a “hold” rating and raised their price objective for the company from $4.25 to $5.50 in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.53.

Grab Price Performance

Shares of GRAB stock opened at $5.33 on Tuesday. The company has a market capitalization of $21.46 billion, a P/E ratio of -266.50 and a beta of 0.90. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. Grab has a 12 month low of $2.90 and a 12 month high of $5.72. The stock has a 50 day moving average of $4.42 and a two-hundred day moving average of $3.80.

Grab (NASDAQ:GRAB) last posted its earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. As a group, equities analysts expect that Grab will post -0.03 EPS for the current year.

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.