Grab (NASDAQ:GRAB) Stock Price Up 3.9% – Time to Buy?

Grab Holdings Limited (NASDAQ:GRAB) was up 3.9% during trading on Wednesday . The stock traded as high as $4.76 and last traded at $4.72. Approximately 13,947,219 shares were traded during trading, a decline of 50% from the average daily volume of 28,076,227 shares. The stock had previously closed at $4.54.

Wall Street Analyst Weigh In

GRAB has been the topic of several recent analyst reports. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. HSBC upgraded shares of Grab from a “hold” rating to a “buy” rating and lowered their target price for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Grab in a research note on Thursday, February 20th. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $4.90 to $5.10 in a research note on Tuesday, January 7th. Finally, Citigroup reiterated a “buy” rating on shares of Grab in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.62.

Grab Price Performance

The stock has a market capitalization of $19.02 billion, a price-to-earnings ratio of -235.75, a P/E/G ratio of 2.26 and a beta of 0.88. The company’s 50-day simple moving average is $4.67 and its 200-day simple moving average is $4.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

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

Institutional Investors Weigh In On Grab

A number of institutional investors have recently modified their holdings of GRAB. Ellevest Inc. increased its position in Grab by 3.3% during the fourth quarter. Ellevest Inc. now owns 82,793 shares of the company’s stock worth $391,000 after acquiring an additional 2,636 shares during the period. Empowered Funds LLC grew its position in shares of Grab by 7.7% during the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after purchasing an additional 3,147 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in shares of Grab by 13.9% during the fourth quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after purchasing an additional 3,500 shares during the period. Wedbush Securities Inc. raised its position in shares of Grab by 19.1% in the fourth quarter. Wedbush Securities Inc. now owns 21,800 shares of the company’s stock valued at $103,000 after buying an additional 3,500 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Grab by 40.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,710 shares of the company’s stock valued at $69,000 after buying an additional 4,250 shares during the period. Institutional investors own 55.52% of the company’s stock.

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.