Grab Holdings Limited (NASDAQ:GRAB) Short Interest Update

Grab Holdings Limited (NASDAQ:GRAB) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 110,250,000 shares, a growth of 12.3% from the December 15th total of 98,200,000 shares. Currently, 4.7% of the shares of the stock are short sold. Based on an average daily volume of 35,020,000 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Ratings Changes

A number of brokerages have issued reports on GRAB. China Renaissance cut shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 target price for the company. in a report on Thursday, November 21st. Hsbc Global Res downgraded Grab from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 5th. HSBC downgraded Grab from a “buy” rating to a “hold” rating and boosted their target price for the stock from $4.25 to $5.50 in a research report on Thursday, December 5th. Evercore ISI raised their price target on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $5.55.

Grab Trading Up 1.1 %

Shares of GRAB traded up $0.05 on Friday, hitting $4.50. 30,380,605 shares of the stock traded hands, compared to its average volume of 18,274,138. The firm has a market capitalization of $18.12 billion, a P/E ratio of -225.00, a P/E/G ratio of 1.77 and a beta of 0.90. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab has a 1 year low of $2.94 and a 1 year high of $5.72. The stock’s 50 day moving average is $4.95 and its two-hundred day moving average is $4.05.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. As a group, sell-side analysts predict that Grab will post -0.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GRAB. Victory Capital Management Inc. purchased a new stake in Grab in the second quarter valued at approximately $327,000. Choreo LLC purchased a new stake in shares of Grab during the 2nd quarter valued at $112,000. DekaBank Deutsche Girozentrale increased its holdings in shares of Grab by 19.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 325,298 shares of the company’s stock worth $1,133,000 after buying an additional 52,398 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Grab by 23.9% in the 2nd quarter. Federated Hermes Inc. now owns 907,985 shares of the company’s stock worth $3,223,000 after buying an additional 175,065 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Grab by 168.0% in the second quarter. Dimensional Fund Advisors LP now owns 221,135 shares of the company’s stock valued at $785,000 after acquiring an additional 138,620 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.