Grab (NASDAQ:GRAB) Stock Price Down 3.1% – Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB) shares dropped 3.1% during mid-day trading on Tuesday . The company traded as low as $4.90 and last traded at $4.93. Approximately 17,969,621 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 30,587,552 shares. The stock had previously closed at $5.08.

Analyst Ratings Changes

GRAB has been the subject of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Barclays increased their price target on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. CLSA raised Grab to a “moderate buy” rating in a research note on Wednesday, April 9th. Finally, Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.71.

Grab Stock Down 2.8%

The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $4.51 and a two-hundred day moving average of $4.71. The company has a market cap of $19.89 billion, a price-to-earnings ratio of -247.00, a PEG ratio of 2.26 and a beta of 0.86.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Grab

Institutional investors and hedge funds have recently modified their holdings of the company. Uber Technologies Inc acquired a new position in Grab in the fourth quarter valued at $2,529,462,000. Toyota Motor Corp acquired a new position in shares of Grab during the fourth quarter worth approximately $1,052,117,000. Hanwha Asset Management Co. Ltd. bought a new stake in Grab during the fourth quarter worth approximately $227,718,000. Perpetual Ltd purchased a new position in Grab during the 4th quarter worth approximately $213,177,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Grab by 5,066.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock valued at $160,075,000 after acquiring an additional 33,257,610 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.