Analysts Set Grab Holdings Limited (NASDAQ:GRAB) Price Target at $5.62

Grab Holdings Limited (NASDAQ:GRAB) has earned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.62.

A number of equities research analysts recently issued reports on GRAB shares. Barclays boosted their target price 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 raised shares of Grab from a “hold” rating to a “buy” rating and reduced their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a research report on Friday, February 21st. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grab in a research report on Tuesday, February 4th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GRAB. Twin Tree Management LP acquired a new position in shares of Grab during the fourth quarter worth $25,000. Global Retirement Partners LLC bought a new position in Grab during the 4th quarter valued at $30,000. Campbell Capital Management Inc. bought a new position in Grab during the 4th quarter valued at $30,000. TD Private Client Wealth LLC boosted its stake in Grab by 7,238.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company’s stock valued at $38,000 after acquiring an additional 7,890 shares during the last quarter. Finally, Allianz SE bought a new position in Grab during the 4th quarter valued at $44,000. 55.52% of the stock is owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $4.64 on Thursday. The company has a market cap of $18.69 billion, a PE ratio of -232.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. Grab has a 12 month low of $2.98 and a 12 month high of $5.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The company has a 50-day simple moving average of $4.66 and a 200-day simple moving average of $4.47.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $762.57 million. On average, equities analysts anticipate that Grab will post 0.05 earnings per share 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.