Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 123,410,000 shares, an increase of 7.5% from the January 15th total of 114,840,000 shares. Based on an average daily trading volume, of 35,400,000 shares, the short-interest ratio is presently 3.5 days. Approximately 5.2% of the shares of the company are sold short.
Grab stock traded up $0.39 during trading on Tuesday, reaching $5.29. 110,836,436 shares of the company's stock were exchanged, compared to its average volume of 32,523,701. The company's 50-day moving average is $4.78 and its two-hundred day moving average is $4.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab has a 52-week low of $2.98 and a 52-week high of $5.72. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of -264.25, a PEG ratio of 1.95 and a beta of 0.90.
A number of brokerages have weighed in on GRAB. JPMorgan Chase & Co. lowered Grab from an "overweight" rating to a "neutral" rating in a research note on Wednesday, February 5th. China Renaissance cut Grab from a "buy" rating to a "hold" rating and set a $5.40 price target for the company. in a report on Thursday, November 21st. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and cut their price objective for the stock from $5.50 to $5.45 in a report on Tuesday, February 4th. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Barclays increased their price target on shares of Grab from $4.70 to $5.50 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $5.54.
Read Our Latest Stock Report on Grab
A number of large investors have recently modified their holdings of GRAB. Uber Technologies Inc purchased a new stake in shares of Grab during the fourth quarter valued at approximately $2,529,462,000. Toyota Motor Corp acquired a new position in Grab in the 4th quarter worth $1,052,117,000. Wellington Management Group LLP boosted its position in Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock valued at $472,394,000 after buying an additional 14,671,388 shares during the last quarter. Hanwha Asset Management Co. Ltd. acquired a new stake in shares of Grab during the fourth quarter valued at about $227,718,000. Finally, Baillie Gifford & Co. increased its position in shares of Grab by 10.0% during the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company's stock worth $221,942,000 after acquiring an additional 4,259,537 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.
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.
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