Grab Holdings Limited (NASDAQ:GRAB) Stock Has Average Target Price of $6.01

Grab Holdings Limited (NASDAQ:GRAB) has received an average rating of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $6.01.

A number of equities analysts have recently commented on GRAB shares. Morgan Stanley restated an “overweight” rating and issued a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. Barclays decreased their target price on shares of Grab from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Weiss Ratings cut shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Bank of America reissued a “buy” rating on shares of Grab in a report on Friday, September 25th. Finally, KeyCorp set a $7.00 price target on shares of Grab in a research report on Wednesday, September 16th.

Insider Buying and Selling

In other Grab news, CEO Ping Tan acquired 10,350,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average price of $2.89 per share, with a total value of $29,911,500.00. Following the completion of the purchase, the chief executive officer owned 10,778,498 shares of the company’s stock, valued at approximately $31,149,859.22. This represents a 2,415.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Wolfgang Kandal sold 30,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $3.00, for a total value of $90,000.00. Following the transaction, the insider owned 3,928,735 shares of the company’s stock, valued at approximately $11,786,205. The trade was a 0.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 899,349 shares of company stock valued at $3,104,355 in the last ninety days. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GRAB. Montag A & Associates Inc. bought a new stake in Grab during the first quarter valued at approximately $27,000. Fermata Advisors LLC purchased a new stake in shares of Grab during the 3rd quarter valued at $31,000. MLP3 LLC purchased a new stake in shares of Grab during the 3rd quarter valued at $31,000. Strategic Global Advisors LLC bought a new stake in shares of Grab during the 2nd quarter worth $41,000. Finally, NewEdge Wealth LLC bought a new stake in shares of Grab during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Grab Stock Performance

NASDAQ:GRAB opened at $2.71 on Thursday. The business’s fifty day moving average is $3.16 and its 200 day moving average is $3.69. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of 45.17, a PEG ratio of 0.49 and a beta of 0.91. 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 has a 52-week low of $2.67 and a 52-week high of $6.24.

Grab (NASDAQ:GRAB) last issued its earnings results 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 business had revenue of $997.00 million during the quarter, compared to the consensus estimate of $994.97 million. Research analysts predict that Grab will post 0.14 EPS for the current year.

About Grab

Grab Holdings Inc (NASDAQ:GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. The company began as a ride-hailing service in Malaysia in 2012 and is headquartered in Singapore.

Grab’s platform provides mobility services, including ride-hailing, taxi bookings and other transportation options. It also offers food, grocery and package deliveries, connecting users with restaurants, retailers and delivery partners through its digital marketplace.

In addition, Grab provides digital financial services in selected markets, including payments, consumer and merchant lending, digital banking and insurance-related products.