Grab (NASDAQ:GRAB) Stock Price Expected to Rise, Barclays Analyst Says

Grab (NASDAQ:GRAB) had its price target upped by Barclays from $5.50 to $6.50 in a report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday. Mizuho lifted their target price on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Evercore ISI upped their price target on Grab from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. downgraded Grab from an “overweight” rating to a “neutral” rating in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.63.

Grab Price Performance

GRAB stock opened at $4.78 on Thursday. The business’s fifty day moving average price is $4.77 and its 200 day moving average price is $4.27. Grab has a 12-month low of $2.98 and a 12-month high of $5.72. 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 company has a market capitalization of $19.25 billion, a PE ratio of -239.00, a P/E/G ratio of 2.21 and a beta of 0.90.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. On average, sell-side analysts anticipate that Grab will post -0.02 EPS for the current year.

Institutional Trading of Grab

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRAB. Mackenzie Financial Corp grew its position in shares of Grab by 41.1% in the 4th quarter. Mackenzie Financial Corp now owns 202,263 shares of the company’s stock valued at $955,000 after buying an additional 58,934 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Grab by 2,646.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 5,028,596 shares of the company’s stock worth $23,735,000 after purchasing an additional 4,845,496 shares during the last quarter. JT Stratford LLC acquired a new stake in shares of Grab during the fourth quarter worth about $286,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Grab by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,582,517 shares of the company’s stock valued at $68,829,000 after purchasing an additional 2,120,034 shares during the last quarter. Finally, USS Investment Management Ltd acquired a new stake in shares of Grab in the 4th quarter valued at about $3,109,000. 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.