Grab (NASDAQ:GRAB) Shares Down 9% – Time to Sell?

Grab Holdings Limited (NASDAQ:GRAB) fell 9% during trading on Monday . The stock traded as low as $4.13 and last traded at $4.18. 26,376,714 shares were traded during trading, a decline of 6% from the average session volume of 28,090,414 shares. The stock had previously closed at $4.59.

Wall Street Analyst Weigh In

GRAB has been the topic of several recent analyst reports. Barclays increased their target price on Grab from $5.50 to $6.50 and gave the company an “overweight” rating in a report on Thursday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Mizuho increased their price objective on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. raised Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target for the company in a report on Friday, February 21st. Finally, HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and cut their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.62.

Grab Stock Performance

The stock’s 50 day moving average price is $4.72 and its two-hundred day moving average price is $4.40. 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 firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of -206.00, a PEG ratio of 2.26 and a beta of 0.88.

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

Hedge Funds Weigh In On Grab

Hedge funds and other institutional investors have recently bought and sold shares of the company. Uber Technologies Inc acquired a new stake in Grab in the fourth quarter valued at $2,529,462,000. Toyota Motor Corp acquired a new stake in Grab in the 4th quarter valued at about $1,052,117,000. Hanwha Asset Management Co. Ltd. purchased a new position in Grab during the 4th quarter valued at about $227,718,000. Perpetual Ltd acquired a new position in Grab during the fourth quarter worth about $213,177,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Grab by 5,066.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company’s stock valued at $160,075,000 after purchasing an additional 33,257,610 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

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.