Grab Holdings Limited (NASDAQ:GRAB) Receives $5.07 Average Price Target from Brokerages

Shares of Grab Holdings Limited (NASDAQ:GRAB) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $5.07.

A number of equities research analysts have issued reports on GRAB shares. Deutsche Bank Aktiengesellschaft started coverage on Grab in a research report on Friday, May 17th. They set a “buy” rating and a $4.50 price objective on the stock. Barclays upped their target price on Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Benchmark reaffirmed a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Thursday, May 16th. Finally, HSBC reaffirmed a “buy” rating and set a $4.30 target price on shares of Grab in a research note on Thursday, April 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GRAB. Norges Bank bought a new position in Grab in the fourth quarter worth approximately $146,995,000. Barclays PLC grew its stake in Grab by 21,204.4% in the third quarter. Barclays PLC now owns 37,301,928 shares of the company’s stock worth $132,048,000 after purchasing an additional 37,126,838 shares in the last quarter. Coronation Fund Managers Ltd. grew its stake in Grab by 116.3% in the first quarter. Coronation Fund Managers Ltd. now owns 35,042,039 shares of the company’s stock worth $110,032,000 after purchasing an additional 18,839,407 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Grab in the first quarter worth approximately $52,920,000. Finally, Ward Ferry Management BVI Ltd bought a new position in Grab in the third quarter worth approximately $56,614,000. Institutional investors own 55.52% of the company’s stock.

Grab Trading Up 0.3 %

Shares of GRAB stock opened at $3.65 on Friday. Grab has a 1 year low of $2.85 and a 1 year high of $3.92. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.22. The stock’s 50 day simple moving average is $3.43 and its two-hundred day simple moving average is $3.28. The company has a market cap of $14.32 billion, a PE ratio of -52.14 and a beta of 0.81.

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.