Grab (NASDAQ:GRAB) Insider Philipp Wolfgang Josef Kandal Sells 30,000 Shares

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $106,200.00. Following the transaction, the insider owned 4,095,430 shares of the company’s stock, valued at approximately $14,497,822.20. The trade was a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

• On Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The shares were sold at an average price of $4.00, for a total value of $80,000.00.
• On Wednesday, April 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total value of $117,600.00.

Grab Price Performance

GRAB opened at $3.50 on Wednesday. Grab Holdings Limited has a 52-week low of $3.46 and a 52-week high of $6.62. The stock has a market cap of $14.34 billion, a P/E ratio of 350.35, a PEG ratio of 1.61 and a beta of 0.93. The business has a fifty day moving average of $3.75 and a 200 day moving average of $4.48. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last issued its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a return on equity of 5.79% and a net margin of 10.67%.The firm had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $921.71 million. As a group, sell-side analysts anticipate that Grab Holdings Limited will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $5.80 target price on shares of Grab in a report on Monday, January 26th. Mizuho lowered their target price on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. Morgan Stanley set a $5.90 target price on Grab in a report on Wednesday, May 6th. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Wednesday, May 6th. Finally, Zacks Research cut Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and a consensus target price of $6.19.

Institutional Investors Weigh In On Grab

Hedge funds have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Grab during the 4th quarter worth $25,000. Parallel Advisors LLC lifted its stake in shares of Grab by 305.5% during the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after purchasing an additional 4,601 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Grab during the 3rd quarter worth $38,000. Signaturefd LLC lifted its stake in shares of Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after purchasing an additional 2,543 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Grab by 162,500.0% during the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after purchasing an additional 6,500 shares during the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.