Grab surged to $4.92 per share this afternoon, but it remains 7.19% above its mean target price of $4.59. There may still be room for more downwards movement — even after today's 12.3% drop. Analysts are giving the Large-Cap Business Services stock on average rating of buy, with target prices ranging from $3.5 to $6.0 per share.
The stock has an average amount of shares sold short at 2.2%, and a short ratio of 2.05. The company's insiders own 24.89% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 55.6% of Grab's shares being owned by this investor type.
Institutions Invested in Grab
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | SB Investment Advisers (UK) LTD | 10% | 401,796,672 | $1,976,839,656 |
| 2024-06-30 | Morgan Stanley | 5% | 198,420,745 | $976,230,080 |
| 2024-06-30 | MUFG Bank Ltd | 4% | 142,913,428 | $703,134,076 |
| 2024-06-30 | Wellington Management Group, LLP | 3% | 109,642,898 | $539,443,066 |
| 2024-06-30 | Blackrock Inc. | 2% | 97,168,209 | $478,067,595 |
| 2024-06-30 | Tiger Global Management, LLC | 2% | 92,923,788 | $457,185,044 |
| 2024-06-30 | Invesco Ltd. | 1% | 55,344,417 | $272,294,535 |
| 2024-06-30 | Capital Research Global Investors | 1% | 53,616,621 | $263,793,779 |
| 2024-06-30 | Hanwha Asset Management Co., Ltd. | 1% | 47,839,997 | $235,372,788 |
| 2024-09-30 | Baillie Gifford and Company | 1% | 42,762,172 | $210,389,889 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Grab.
