Grab Holdings Limited (NASDAQ:GRAB) Receives Average Rating of “Moderate Buy” from Brokerages

Grab Holdings Limited (NASDAQ:GRAB) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.0056.

Several equities analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a research note on Monday, August 3rd. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th.

Grab Price Performance

NASDAQ:GRAB opened at $3.62 on Friday. The stock has a market capitalization of $14.83 billion, a PE ratio of 60.34, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The stock’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.79. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Grab has a 52 week low of $3.18 and a 52 week high of $6.62.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The business had revenue of $997.00 million during the quarter, compared to analysts’ expectations of $994.97 million. As a group, equities analysts expect that Grab will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $3.53, for a total value of $105,900.00. Following the transaction, the insider owned 4,065,430 shares in the company, valued at approximately $14,350,967.90. This trade represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Chin Yin Ong sold 48,000 shares of Grab stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $3.55, for a total transaction of $170,400.00. Following the sale, the insider directly owned 3,781,306 shares in the company, valued at approximately $13,423,636.30. This trade represents a 1.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,586,093 shares of company stock valued at $5,780,881. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Grab

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pitcairn Co. grew its stake in Grab by 11.0% during the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after acquiring an additional 2,080 shares in the last quarter. Adalta Capital Management LLC lifted its stake in Grab by 2.2% in the 3rd quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after purchasing an additional 2,200 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Grab by 7.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after purchasing an additional 2,300 shares in the last quarter. Soros Fund Management LLC boosted its holdings in shares of Grab by 19.7% during the 2nd quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock worth $74,000 after purchasing an additional 2,419 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of Grab by 1.9% during the 4th quarter. Corient Private Wealth LLC now owns 129,144 shares of the company’s stock worth $643,000 after purchasing an additional 2,469 shares during the last quarter. 55.52% of the stock is owned by hedge funds and other institutional investors.

Grab Company Profile

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.