Grab Holdings Limited (NASDAQ:GRAB) Receives $5.10 Average Price Target from Analysts

Grab Holdings Limited (NASDAQ:GRAB) has earned an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $5.10.

Several equities research analysts have recently commented on the company. Barclays reduced their target price on Grab from $4.50 to $4.30 and set an “overweight” rating for the company in a report on Monday, February 5th. HSBC reaffirmed a “buy” rating and set a $4.30 price objective on shares of Grab in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $3.60 to $3.80 in a research report on Thursday, January 18th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GRAB. Deutsche Bank AG boosted its stake in shares of Grab by 2.4% during the 3rd quarter. Deutsche Bank AG now owns 2,964,633 shares of the company’s stock valued at $10,495,000 after buying an additional 69,792 shares during the period. FMR LLC raised its holdings in shares of Grab by 2,898.6% during the third quarter. FMR LLC now owns 4,581,183 shares of the company’s stock worth $16,217,000 after acquiring an additional 4,428,407 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in Grab by 33.8% during the third quarter. Compagnie Lombard Odier SCmA now owns 2,206,523 shares of the company’s stock valued at $7,811,000 after purchasing an additional 557,288 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Grab by 0.6% in the third quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock valued at $2,365,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Kinetic Partners Management LP acquired a new position in Grab in the 3rd quarter worth about $23,176,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 0.9 %

GRAB stock opened at $3.53 on Monday. Grab has a 12 month low of $2.67 and a 12 month high of $3.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.90 and a quick ratio of 3.87. The firm has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $3.23.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The company had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. Grab had a negative return on equity of 6.77% and a negative net margin of 18.43%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.10) EPS. On average, research analysts anticipate that Grab will post 0.01 EPS for the current year.

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.