Fintel reports that on June 22, 2023, JP Morgan upgraded their outlook for Grab Holdings Limited – (NASDAQ:GRAB) from Underweight to Neutral .

Analyst Price Forecast Suggests 26.84% Upside

As of June 2, 2023, the average one-year price target for Grab Holdings Limited – is 4.30. The forecasts range from a low of 3.03 to a high of $5.46. The average price target represents an increase of 26.84% from its latest reported closing price of 3.39.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Grab Holdings Limited – is 1,994MM, an increase of 15.26%. The projected annual non-GAAP EPS is -0.25.

What is the Fund Sentiment?

There are 340 funds or institutions reporting positions in Grab Holdings Limited -. This is an increase of 22 owner(s) or 6.92% in the last quarter. Average portfolio weight of all funds dedicated to GRAB is 0.68%, an increase of 2.61%. Total shares owned by institutions decreased in the last three months by 14.40% to 1,646,556K shares. The put/call ratio of GRAB is 0.38, indicating a bullish outlook.

What are Other Shareholders Doing?

Sb Investment Advisers holds 709,265K shares representing 18.25% ownership of the company. No change in the last quarter.

Capital Research Global Investors holds 156,551K shares representing 4.03% ownership of the company. In it’s prior filing, the firm reported owning 153,577K shares, representing an increase of 1.90%. The firm decreased its portfolio allocation in GRAB by 10.03% over the last quarter.

MUFG Bank holds 142,913K shares representing 3.68% ownership of the company. No change in the last quarter.

Hanwha Asset Management Co. holds 47,840K shares representing 1.23% ownership of the company. No change in the last quarter.

Contrarius Investment Management holds 29,615K shares representing 0.76% ownership of the company.

Grab Holdings Background Information
(This description is provided by the company.)

Grab is Southeast Asia’s leading superapp based on GMV in 2020 in each of food deliveries, mobility and the e-wallets segment of financial services, according to Euromonitor. Grab operates across the deliveries, mobility and digital financial services sectors in over 400 cities in eight countries in the Southeast Asia region – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. Grab enables millions of people each day to access its driver- and merchant-partners to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending, insurance, wealth management and telemedicine, all through a single “everyday everything” app. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone, and since then, the Grab app has been downloaded onto millions of mobile devices. Grab strives to serve a double bottom line: to simultaneously deliver financial performance for its shareholders and a positive social impact in Southeast Asia.

Key filings for this company:

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K/A (Amendment No. 2) (Mark One) ? ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 ? TRAN

This article originally appeared on Fintel

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