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 Tuesday. Traders purchased 22,266 call options on the company. This is an increase of approximately 48% compared to the average daily volume of 14,998 call options.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Bank of America raised shares of Grab from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $4.90 to $5.10 in a report on Tuesday, January 7th. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Grab in a report on Tuesday, November 12th. HSBC lowered Grab from a “buy” rating to a “hold” rating and increased their price target for the company from $4.25 to $5.50 in a research report on Thursday, December 5th. Mizuho upped their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Daiwa Capital Markets initiated coverage on shares of Grab in a research report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 target price for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.55.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $4.61 on Wednesday. The stock has a market cap of $18.56 billion, a PE ratio of -230.50, a PEG ratio of 1.77 and a beta of 0.90. Grab has a 52 week low of $2.98 and a 52 week high of $5.72. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $4.95 and its 200 day moving average is $4.07.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GRAB. Blue Trust Inc. raised its holdings 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 purchasing an additional 3,408 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in shares of Grab in the 3rd quarter worth about $41,000. Glenmede Trust Co. NA bought a new stake in Grab during the 3rd quarter valued at about $53,000. First Trust Direct Indexing L.P. boosted its stake in shares of Grab by 34.5% during the third quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock valued at $70,000 after purchasing an additional 4,725 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Grab during the second quarter valued at approximately $73,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

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.