Grab (NASDAQ:GRAB) Trading Down 9.2% – Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB) shares fell 9.2% during mid-day trading on Friday . The company traded as low as $5.11 and last traded at $5.15. 19,082,880 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 25,540,049 shares. The stock had previously closed at $5.67.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Barclays increased their target price on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Tuesday, November 12th. Evercore ISI increased their target price on shares of Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Bank of America cut Grab from a “buy” rating to an “underperform” rating and set a $4.90 price objective on the stock. in a report on Friday. Finally, China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a report on Thursday. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.42.

Grab Trading Down 9.9 %

The company has a market cap of $20.05 billion, a price-to-earnings ratio of -262.50 and a beta of 0.81. The firm’s 50-day moving average price is $4.06 and its 200 day moving average price is $3.67. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm 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) EPS. As a group, equities analysts expect that Grab Holdings Limited will post -0.03 EPS for the current year.

Institutional Investors Weigh In On Grab

A number of hedge funds have recently made changes to their positions in GRAB. Blue Trust Inc. boosted its holdings in shares of Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after purchasing an additional 3,408 shares during the period. Sage Rhino Capital LLC bought a new position in Grab during the 2nd quarter valued at approximately $38,000. Traynor Capital Management Inc. purchased a new stake in Grab during the 3rd quarter valued at about $41,000. Dorsey & Whitney Trust CO LLC increased its position in shares of Grab by 37.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock valued at $50,000 after acquiring an additional 3,795 shares in the last quarter. Finally, Prospect Financial Services LLC purchased a new stake in shares of Grab during the second quarter valued at $53,000. 55.52% of the stock is currently owned by institutional investors.

About Grab

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.