Grab (NASDAQ:GRAB) Shares Down 0.3%

Grab Holdings Limited (NASDAQ:GRAB)’s share price traded down 0.3% on Tuesday . The stock traded as low as $3.58 and last traded at $3.58. 3,157,308 shares were traded during trading, a decline of 87% from the average session volume of 23,495,945 shares. The stock had previously closed at $3.59.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Grab in a research report on Thursday, May 16th. HSBC reissued a “buy” rating and set a $4.30 price objective on shares of Grab in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft assumed 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. Finally, Barclays boosted their price target on shares of Grab from $4.30 to $4.70 and gave the company an “overweight” rating in a research report on Wednesday, May 22nd. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Grab currently has a consensus rating of “Buy” and a consensus target price of $5.07.

Grab Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.22. The stock’s 50 day simple moving average is $3.55 and its two-hundred day simple moving average is $3.33. The company has a market capitalization of $13.89 billion, a P/E ratio of -51.14 and a beta of 0.82.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $653.00 million for the quarter, compared to analyst estimates of $662.48 million. Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. As a group, research analysts expect that Grab Holdings Limited will post -0.01 earnings per share for the current year.

Institutional Trading of Grab

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Grab by 5.3% during the first quarter. California State Teachers Retirement System now owns 2,449,429 shares of the company’s stock worth $7,691,000 after purchasing an additional 122,890 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Grab by 20.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 364,983 shares of the company’s stock valued at $1,147,000 after acquiring an additional 61,183 shares during the period. Tremblant Capital Group grew its position in shares of Grab by 3.1% during the 1st quarter. Tremblant Capital Group now owns 13,060,748 shares of the company’s stock worth $41,011,000 after purchasing an additional 396,738 shares in the last quarter. Quadrature Capital Ltd increased its stake in Grab by 125.0% during the 1st quarter. Quadrature Capital Ltd now owns 1,062,944 shares of the company’s stock worth $3,348,000 after acquiring an additional 590,580 shares during the period. Finally, Toronto Dominion Bank lifted its position in shares of Grab by 3,078.8% during the 1st quarter. Toronto Dominion Bank now owns 3,582,012 shares of the company’s stock valued at $11,248,000 after acquiring an additional 3,469,329 shares during the period. 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.