Analysts Set Grab Holdings Limited (NASDAQ:GRAB) PT at $6.01

Shares of Grab Holdings Limited (NASDAQ:GRAB) have received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $6.0056.

A number of equities analysts have commented on GRAB shares. Mizuho decreased their price target on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Barclays dropped their price objective on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Monday, August 3rd. Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Tuesday, August 4th. Finally, Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd.

Grab Price Performance

NASDAQ:GRAB opened at $3.67 on Friday. The firm has a market capitalization of $15.04 billion, a price-to-earnings ratio of 61.18, a P/E/G ratio of 0.96 and a beta of 0.89. Grab has a 52-week low of $3.18 and a 52-week high of $6.62. The stock has a fifty day moving average of $3.58 and a 200 day moving average of $3.81. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.52.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The firm had revenue of $997.00 million for the quarter, compared to the consensus estimate of $994.97 million. On average, research analysts expect that Grab will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Grab news, insider Chin Yin Ong sold 38,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $3.61, for a total value of $137,180.00. Following the transaction, the insider owned 3,670,611 shares in the company, valued at approximately $13,250,905.71. The trade was a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anthony Ping Yeow Tan sold 400,000 shares of the company’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $3.91, for a total transaction of $1,564,000.00. Following the transaction, the chief executive officer directly owned 28,498 shares of the company’s stock, valued at approximately $111,427.18. This trade represents a 93.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,266,093 shares of company stock worth $4,616,081. 3.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Grab by 6.4% during the 2nd quarter. BlackRock Inc. now owns 156,175,807 shares of the company’s stock valued at $588,783,000 after buying an additional 9,357,389 shares during the period. Invesco Ltd. grew its stake in Grab by 24.9% in the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock worth $480,383,000 after acquiring an additional 15,916,063 shares in the last quarter. Marshall Wace LLP increased its position in shares of Grab by 49.2% during the fourth quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock worth $361,542,000 after acquiring an additional 23,891,108 shares during the period. JPMorgan Chase & Co. grew its position in shares of Grab by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 56,669,014 shares of the company’s stock worth $282,778,000 after buying an additional 878,966 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Grab by 58.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock worth $200,957,000 after purchasing an additional 20,152,535 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.