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

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $3.08, for a total value of $92,400.00. Following the transaction, the insider directly owned 3,958,735 shares in the company, valued at approximately $12,192,903.80. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Friday, August 14th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.64, for a total value of $109,200.00.

Grab Trading Down 2.1%

Shares of NASDAQ:GRAB traded down $0.06 during midday trading on Thursday, reaching $2.81. The company’s stock had a trading volume of 56,797,453 shares, compared to its average volume of 46,546,744. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 46.84, a price-to-earnings-growth ratio of 0.75 and a beta of 0.89. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 1 year low of $2.81 and a 1 year high of $6.62. The business has a 50 day moving average price of $3.48 and a 200 day moving average price of $3.62.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The firm had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Research analysts forecast that Grab Holdings Limited will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Grab

A number of institutional investors have recently added to or reduced their stakes in GRAB. Corient Private Wealth LLC increased its position in Grab by 2.1% during the 4th quarter. Corient Private Wealth LLC now owns 129,340 shares of the company’s stock worth $644,000 after purchasing an additional 2,665 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its position in Grab by 0.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 721,569 shares of the company’s stock valued at $2,628,000 after buying an additional 2,858 shares in the last quarter. AdvisorNet Financial Inc lifted its position in Grab by 3.2% during the first quarter. AdvisorNet Financial Inc now owns 100,104 shares of the company’s stock valued at $366,000 after buying an additional 3,141 shares in the last quarter. Larson Financial Group LLC lifted its position in Grab by 53.8% during the fourth quarter. Larson Financial Group LLC now owns 10,004 shares of the company’s stock valued at $50,000 after buying an additional 3,500 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in Grab by 7.1% during the fourth quarter. ProShare Advisors LLC now owns 55,301 shares of the company’s stock worth $276,000 after buying an additional 3,685 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on GRAB shares. Barclays dropped 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. KeyCorp set a $7.00 target price on shares of Grab in a research report on Wednesday. Benchmark restated a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings downgraded shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Grab has an average rating of “Moderate Buy” and an average target price of $6.11.

Grab Company Profile

Grab Holdings Inc (NASDAQ: GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.

The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab’s consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.

Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.