Grab Sees Unusually Large Options Volume (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of some unusual options trading on Tuesday. Stock investors purchased 22,266 call options on the stock. This represents an increase of 48% compared to the typical daily volume of 14,998 call options.

Grab Trading Up 1.7 %

GRAB stock traded up $0.08 during midday trading on Tuesday, reaching $4.58. The company’s stock had a trading volume of 11,429,305 shares, compared to its average volume of 22,776,752. The business’s 50-day simple moving average is $4.96 and its 200-day simple moving average is $4.06. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock has a market cap of $18.42 billion, a PE ratio of -228.25, a price-to-earnings-growth ratio of 1.77 and a beta of 0.90. Grab has a 52 week low of $2.98 and a 52 week high of $5.72.

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

Institutional Investors Weigh In On Grab

Several large investors have recently bought and sold shares of GRAB. Blue Trust Inc. lifted its stake in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in Grab in the 3rd quarter valued at $41,000. Glenmede Trust Co. NA acquired a new position in Grab in the 3rd quarter worth $53,000. First Trust Direct Indexing L.P. raised its stake in shares of Grab by 34.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 18,435 shares of the company’s stock valued at $70,000 after purchasing an additional 4,725 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Grab in the second quarter valued at about $73,000. Institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GRAB. Mizuho raised their price objective on shares of Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $4.90 to $5.10 in a research note on Tuesday, January 7th. China Renaissance lowered Grab from a “buy” rating to a “hold” rating and set a $5.40 price objective for the company. in a research note on Thursday, November 21st. Daiwa Capital Markets assumed coverage on shares of Grab in a research note on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 target price on the stock. Finally, Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Grab in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Grab currently has a consensus rating of “Moderate Buy” and an average price target of $5.55.

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.