Grab (NASDAQ:GRAB) CFO Peter Henry Oey Sells 50,000 Shares

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $3.53, for a total value of $176,500.00. Following the sale, the chief financial officer directly owned 6,950,165 shares of the company’s stock, valued at $24,534,082.45. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Henry Oey also recently made the following trade(s):

• On Friday, May 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $3.54, for a total transaction of $177,000.00.
• On Wednesday, April 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $3.92, for a total transaction of $196,000.00.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $3.45 on Thursday. The company has a 50 day simple moving average of $3.65 and a two-hundred day simple moving average of $4.17. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 345.35, a PEG ratio of 1.58 and a beta of 0.89. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Grab during the fourth quarter worth $25,000. Parallel Advisors LLC raised its position in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after buying an additional 4,601 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Grab in the third quarter worth about $38,000. Signaturefd LLC boosted its position in Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after acquiring an additional 2,543 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after acquiring an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GRAB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research report on Tuesday, May 5th. Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Morgan Stanley set a $5.90 price target on shares of Grab in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.19.

About Grab

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.