Grab stock is trading -5.68% below its average target price of $5.52 after dropping -3.5% during today's afternoon session. Analysts are giving the Large-Cap Business Services company an average rating of buy and target prices ranging from $4.23 to $8.0 per share.
The stock has an average amount of shares sold short at 3.1%, and a short ratio of 1.89. The company's insiders own 22.53% 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 54.7% of Grab's shares being owned by this investor type.
Institutions Invested in Grab
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | SB Investment Advisers (UK) LTD | 10% | 401,796,672 | $2,093,360,676 |
| 2024-09-30 | MUFG Bank Ltd | 4% | 142,913,428 | $744,578,965 |
| 2024-09-30 | Morgan Stanley | 3% | 129,840,357 | $676,468,264 |
| 2024-09-30 | Wellington Management Group, LLP | 3% | 124,314,286 | $647,677,434 |
| 2024-09-30 | Blackrock Inc. | 3% | 98,785,778 | $514,673,907 |
| 2024-09-30 | Tiger Global Management, LLC | 2% | 92,923,788 | $484,132,939 |
| 2024-09-30 | Invesco Ltd. | 2% | 59,928,503 | $312,227,502 |
| 2024-06-30 | Hanwha Asset Management Co., Ltd. | 1% | 47,839,997 | $249,246,386 |
| 2024-09-30 | Nuveen Asset Management, LLC | 1% | 45,530,313 | $237,212,932 |
| 2024-09-30 | State Street Corporation | 1% | 43,570,388 | $227,001,723 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Grab.
