Grab shares rose 8.8% this morning to a price of $5.33. The stock is still trading within range of its average target price of $5.59, and over the last 52 weeks, it has recorded a 40.4% performance. Analysts have given the Large-Cap Business Services stock target prices ranging from $4.648 to $8.0 dollars per share, with an average rating of buy.
The stock has an average amount of shares sold short at 4.4%, and a short ratio of 5.16. The company's insiders own 22.55% 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 60.0% of Grab's shares being owned by this investor type.
Institutions Invested in Grab
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Uber Technologies, Inc | 14% | 535,902,982 | $2,856,362,853 |
| 2024-12-31 | SB Investment Advisers (UK) LTD | 10% | 401,796,672 | $2,141,576,231 |
| 2024-12-31 | TOYOTA MOTOR CORP/ | 6% | 222,906,079 | $1,188,089,384 |
| 2024-12-31 | MUFG Bank Ltd | 4% | 142,913,428 | $761,728,560 |
| 2024-12-31 | Morgan Stanley | 3% | 130,631,504 | $696,265,906 |
| 2024-12-31 | Blackrock Inc. | 3% | 101,110,726 | $538,920,161 |
| 2024-12-31 | Tiger Global Management, LLC | 2% | 92,923,788 | $495,283,782 |
| 2024-12-31 | Wellington Management Group, LLP | 2% | 67,533,320 | $359,952,590 |
| 2024-12-31 | Invesco Ltd. | 1% | 50,293,928 | $268,066,632 |
| 2024-12-31 | Hanwha Asset Management Co., Ltd. | 1% | 47,839,997 | $254,987,180 |
Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Grab.
