Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) has been given an average recommendation of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $5.48.
A number of analysts have commented on the company. Barclays lifted their target price on Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Evercore ISI boosted their price objective on shares of Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of Grab from $5.00 to $5.70 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Mizuho upped their target price on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Finally, Daiwa Capital Markets initiated coverage on shares of Grab in a research note on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target on the stock.
Check Out Our Latest Stock Report on Grab
Grab Stock Performance
Grab (NASDAQ:GRAB – Get Free Report) last announced its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The company had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. During the same quarter in the prior year, the company earned ($0.02) earnings per share. On average, sell-side analysts predict that Grab will post -0.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grab
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in shares of Grab in the 1st quarter valued at about $111,000. Sei Investments Co. increased its position in shares of Grab by 107.2% in the 1st quarter. Sei Investments Co. now owns 5,013,111 shares of the company’s stock worth $15,741,000 after purchasing an additional 2,593,616 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Grab by 6.4% during the 1st quarter. Russell Investments Group Ltd. now owns 3,393,371 shares of the company’s stock worth $10,655,000 after buying an additional 205,128 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Grab in the first quarter worth $32,000. Finally, Vanguard Group Inc. raised its stake in Grab by 2.3% during the first quarter. Vanguard Group Inc. now owns 7,505,636 shares of the company’s stock worth $23,568,000 after acquiring an additional 166,063 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.
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.
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