Insider Selling: Grab (NASDAQ:GRAB) Insider Sells 48,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Chin Yin Ong sold 48,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the completion of the transaction, the insider owned 3,781,306 shares in the company, valued at approximately $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Chin Yin Ong also recently made the following trade(s):

• On Monday, May 4th, Chin Yin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.59, for a total transaction of $136,420.00.
• On Thursday, April 2nd, Chin Yin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.62, for a total transaction of $137,560.00.

Grab Price Performance

NASDAQ:GRAB traded down $0.10 on Thursday, reaching $3.54. The stock had a trading volume of 42,666,145 shares, compared to its average volume of 50,427,128. The company has a market capitalization of $14.51 billion, a P/E ratio of 354.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. Grab Holdings Limited has a 1-year low of $3.39 and a 1-year high of $6.62. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average price of $3.72 and a 200-day moving average price of $4.37.

Grab (NASDAQ:GRAB) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. Research analysts forecast that Grab Holdings Limited will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on GRAB shares. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Mizuho dropped their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Finally, Morgan Stanley set a $5.90 target price on shares of Grab in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.19.

Institutional Investors Weigh In On Grab

Institutional investors have recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Grab during the 4th quarter worth approximately $25,000. Montag A & Associates Inc. acquired a new stake in shares of Grab during the 1st quarter worth approximately $27,000. Parallel Advisors LLC grew its position 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 buying an additional 4,601 shares during the period. Signaturefd LLC grew its position 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 buying an additional 2,543 shares during the period. Finally, Advocate Investing Services LLC acquired a new position in Grab during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.