Grab Target of Unusually Large Options Trading (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) saw some unusual options trading activity on Monday. Investors purchased 50,235 put options on the stock. This is an increase of 586% compared to the typical volume of 7,323 put options.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. PFG Investments LLC bought a new stake in Grab in the first quarter worth approximately $31,000. Miracle Mile Advisors LLC acquired a new position in Grab during the 1st quarter valued at $32,000. Callan Capital LLC acquired a new position in Grab during the 1st quarter valued at $34,000. Optas LLC acquired a new position in Grab during the 4th quarter valued at $36,000. Finally, Meridian Wealth Partners LLC acquired a new position in Grab during the 4th quarter valued at $36,000. 55.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GRAB has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Grab from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $3.60 to $3.80 in a report on Thursday, January 18th. Barclays cut their target price on Grab from $4.50 to $4.30 and set an “overweight” rating on the stock in a research report on Monday, February 5th. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Grab in a report on Monday. Finally, HSBC reaffirmed a “buy” rating and set a $4.30 target price on shares of Grab in a report on Thursday, April 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $5.10.

Grab Price Performance

GRAB stock opened at $3.53 on Tuesday. Grab has a 52 week low of $2.67 and a 52 week high of $3.92. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of -35.40 and a beta of 0.81. The firm’s 50-day moving average is $3.26 and its two-hundred day moving average is $3.23. The company has a current ratio of 3.90, a quick ratio of 3.87 and a debt-to-equity ratio of 0.10.

Grab (NASDAQ:GRAB) last released its earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. Grab had a negative net margin of 18.43% and a negative return on equity of 6.77%. The business had revenue of $653.00 million for the quarter, compared to the consensus estimate of $633.82 million. During the same period in the previous year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, analysts forecast that Grab will post 0.01 earnings per share for the current fiscal year.

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.