Grab Holdings Limited (NASDAQ:GRAB) Receives $6.47 Average Target Price from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has been given an average rating of “Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $6.4714.

A number of research analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. Sanford C. Bernstein restated an “outperform” rating and set a $5.80 price target on shares of Grab in a report on Monday, January 26th. Wall Street Zen upgraded shares of Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Benchmark restated a “buy” rating on shares of Grab in a report on Thursday, February 12th. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 price target on the stock in a report on Friday, January 16th.

Grab Trading Down 0.6%

Shares of NASDAQ:GRAB opened at $3.54 on Friday. The firm has a fifty day moving average of $4.01 and a two-hundred day moving average of $4.91. The firm has a market capitalization of $14.51 billion, a P/E ratio of 118.04, a price-to-earnings-growth ratio of 0.86 and a beta of 0.99. Grab has a 12-month low of $3.48 and a 12-month high of $6.62. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. On average, equities analysts expect that Grab will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO John Pierantoni sold 14,819 shares of the firm’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $3.61, for a total transaction of $53,496.59. Following the transaction, the chief accounting officer owned 569,376 shares in the company, valued at approximately $2,055,447.36. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chin Yin Ong sold 38,000 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $3.62, for a total transaction of $137,560.00. Following the transaction, the insider owned 2,116,051 shares in the company, valued at $7,660,104.62. This represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in Grab by 42.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 115,817 shares of the company’s stock worth $578,000 after acquiring an additional 34,393 shares during the period. Corient Private Wealth LLC raised its holdings in Grab by 2.1% in the 4th quarter. Corient Private Wealth LLC now owns 129,340 shares of the company’s stock worth $644,000 after acquiring an additional 2,665 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab in the 4th quarter worth $25,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Grab in the 4th quarter worth $506,000. Finally, Sunbelt Securities Inc. raised its holdings in Grab by 624.7% in the 4th quarter. Sunbelt Securities Inc. now owns 7,522 shares of the company’s stock worth $38,000 after acquiring an additional 6,484 shares during the period. Institutional investors own 55.52% of the company’s stock.

About Grab

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.