Insider Selling: Grab (NASDAQ:GRAB) Insider Sells 30,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $3.64, for a total transaction of $109,200.00. Following the transaction, the insider owned 3,988,735 shares of the company’s stock, valued at approximately $14,518,995.40. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a filing 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 Monday, June 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.53, for a total transaction of $105,900.00.

Grab Stock Down 3.9%

GRAB traded down $0.14 during trading on Tuesday, hitting $3.44. The stock had a trading volume of 39,693,471 shares, compared to its average volume of 49,951,316. The stock has a 50 day simple moving average of $3.60 and a two-hundred day simple moving average of $3.77. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.52. Grab Holdings Limited has a twelve month low of $3.18 and a twelve month high of $6.62. The company has a market capitalization of $14.10 billion, a PE ratio of 57.34, a PEG ratio of 0.95 and a beta of 0.89.

Grab (NASDAQ:GRAB) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The business had revenue of $997.00 million for the quarter, compared to the consensus estimate of $994.97 million. On average, research analysts predict that Grab Holdings Limited will post 0.13 earnings per share for the current year.

Institutional Trading of Grab

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Grab during the fourth quarter worth $25,000. Montag A & Associates Inc. acquired a new position in Grab in the first quarter valued at approximately $27,000. Parallel Advisors LLC boosted its position in Grab by 305.5% in 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 in the last quarter. Advocate Investing Services LLC purchased a new position in shares of Grab during the 4th quarter valued at approximately $35,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Grab by 128.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock valued at $38,000 after purchasing an additional 4,225 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

GRAB has been the topic of a number of research analyst reports. Morgan Stanley restated an “overweight” rating and set a $6.25 price target on shares of Grab in a research note on Tuesday, June 30th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Barclays lowered their price objective on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Grab in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.01.

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.