Grab (NASDAQ:GRAB) Trading Up 5.2% – Time to Buy?

Shares of Grab Holdings Limited (NASDAQ:GRAB) were up 5.2% on Tuesday . The company traded as high as $4.48 and last traded at $4.34. Approximately 7,896,652 shares changed hands during trading, a decline of 72% from the average daily volume of 28,221,280 shares. The stock had previously closed at $4.12.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GRAB shares. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and reduced their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Citigroup reiterated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Mizuho lifted their price objective on shares of Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays lifted their price objective on shares of Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a research note on Thursday, February 20th. Finally, Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5.62.

Grab Stock Up 0.3 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $4.41. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of -211.65, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. On average, sell-side analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Uber Technologies Inc bought a new position in Grab in the 4th quarter valued at about $2,529,462,000. Toyota Motor Corp bought a new position in Grab in the fourth quarter valued at approximately $1,052,117,000. Wellington Management Group LLP increased its stake in Grab by 13.4% in the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after acquiring an additional 14,671,388 shares during the last quarter. Hanwha Asset Management Co. Ltd. bought a new position in Grab in the fourth quarter valued at approximately $227,718,000. Finally, Baillie Gifford & Co. increased its stake in Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after acquiring an additional 4,259,537 shares during the last quarter. 55.52% of the stock is owned by institutional investors.

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.