Grab (NASDAQ:GRAB) Trading 3.9% Higher – Still a Buy?

Shares of Grab Holdings Limited (NASDAQ:GRAB) traded up 3.9% during trading on Wednesday . The company traded as high as $4.76 and last traded at $4.72. 13,947,219 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 28,076,227 shares. The stock had previously closed at $4.54.

Analyst Upgrades and Downgrades

GRAB has been the subject of a number of analyst reports. Hsbc Global Res raised shares of Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. HSBC upgraded Grab from a “hold” rating to a “buy” rating and dropped their price target for the company from $5.50 to $5.45 in a research note on Tuesday, February 4th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. Barclays lifted their target price on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Finally, Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.62.

Grab Stock Performance

The stock has a market cap of $18.40 billion, a P/E ratio of -228.50, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $4.50.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $762.57 million. On average, equities analysts expect that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Grab

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of Grab by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company’s stock valued at $5,434,000 after acquiring an additional 48,596 shares during the last quarter. Dai ichi Life Insurance Company Ltd increased its holdings in Grab by 13.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 123,679 shares of the company’s stock worth $470,000 after purchasing an additional 15,000 shares in the last quarter. Glenmede Trust Co. NA bought a new position in Grab in the third quarter valued at about $53,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Grab during the third quarter valued at about $22,434,000. Finally, Public Sector Pension Investment Board raised its holdings in Grab by 24.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,095,005 shares of the company’s stock valued at $4,161,000 after buying an additional 211,800 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.