Grab Holdings Limited (NASDAQ:GRAB) shares traded 1.90% higher at $3.22 on Wall Street last session.
GRAB stock price is now 8.37% away from the 50-day moving average and 3.78% away from the 200-day moving average. The market capitalization of the company currently stands at $12.61B.
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With the price target of $4, The Benchmark Company recently initiated with Buy rating for Grab Holdings Limited (NASDAQ: GRAB). On March 13, 2023, Macquarie recently initiated its ‘Outperform’ rating on the stock quoting a target price of $4, while ‘JP Morgan’ rates the stock as ‘Underweight’.
A total of 27.55% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GRAB stock. A new stake in Grab Holdings Limited shares was purchased by HANWHA ASSET MANAGEMENT CO., LTD. during the first quarter worth $154,045,000. CONTRARIUS INVESTMENT MANAGEMENT LTD invested $95,361,000 in shares of GRAB during the first quarter. In the first quarter, NORGES BANK acquired a new stake in Grab Holdings Limited valued at approximately $56,535,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in GRAB for approximately $8,959,000. DISCOVERY INVESTMENT FUND L.P. purchased a new stake in GRAB valued at around $8,879,000 in the second quarter. In total, there are 416 active investors with 48.00% ownership of the company’s stock.
Grab Holdings Limited (NASDAQ: GRAB) opened at $3.1100 on Wednesday. During the past 12 months, Grab Holdings Limited has had a low of $2.19 and a high of $4.03. As of last week, the company has a debt-to-equity ratio of 0.21, a current ratio of 5.20, and a quick ratio of 5.10. The fifty day moving average price for GRAB is $2.9736 and a two-hundred day moving average price translates $3.1045 for the stock.
The latest earnings results from Grab Holdings Limited (NASDAQ: GRAB) was released for Dec, 2022. According to the Software – Application Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.07 by -0.03. This compares to $3.34 EPS in the same period last year. The company reported revenue of $502.0 million for the quarter, compared to $123.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 308.13 percent. For the current quarter, analysts expect GRAB to generate $490.14M in revenue.
Grab Holdings Limited(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. The company is headquartered in Singapore.
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