Grab (NASDAQ:GRAB) Price Target Increased to $4.70 by Analysts at Barclays

Grab (NASDAQ:GRAB) had its price objective lifted by Barclays from $4.30 to $4.70 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

GRAB has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Grab in a research note on Friday, May 17th. They issued a buy rating and a $4.50 target price on the stock. Benchmark reiterated a buy rating and issued a $6.00 target price on shares of Grab in a research note on Thursday, May 16th. Finally, HSBC reiterated a buy rating and issued a $4.30 target price on shares of Grab in a research note on Thursday, April 4th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of Buy and an average price target of $5.07.

Grab Trading Down 0.5 %

Shares of GRAB stock opened at $3.70 on Wednesday. Grab has a 52-week low of $2.85 and a 52-week high of $3.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.87 and a current ratio of 3.90. The company has a 50-day simple moving average of $3.38 and a two-hundred day simple moving average of $3.27. The company has a market capitalization of $14.52 billion, a price-to-earnings ratio of -52.86 and a beta of 0.81.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $653.00 million during the quarter, compared to the consensus estimate of $633.82 million. Grab had a negative net margin of 11.86% and a negative return on equity of 4.61%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) EPS. Research analysts anticipate that Grab will post -0.01 EPS for the current fiscal year.

Institutional Trading of Grab

A number of institutional investors have recently modified their holdings of the business. Lake Street Advisors Group LLC lifted its stake in shares of Grab by 0.4% during the 3rd quarter. Lake Street Advisors Group LLC now owns 696,416 shares of the company’s stock valued at $2,465,000 after buying an additional 2,972 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Grab by 9.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 41,821 shares of the company’s stock worth $141,000 after acquiring an additional 3,510 shares during the period. PNC Financial Services Group Inc. increased its holdings in Grab by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 41,774 shares of the company’s stock worth $148,000 after acquiring an additional 3,632 shares during the period. Public Sector Pension Investment Board increased its holdings in Grab by 0.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 668,080 shares of the company’s stock worth $2,365,000 after acquiring an additional 4,200 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Grab by 1.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 301,543 shares of the company’s stock worth $1,067,000 after acquiring an additional 5,003 shares during the period. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

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.