Investors Purchase Large Volume of Grab Call Options (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of unusually large options trading activity on Thursday. Stock investors acquired 60,645 call options on the stock. This represents an increase of approximately 78% compared to the average volume of 34,130 call options.

Grab Trading Up 0.6%

Shares of GRAB opened at $3.13 on Friday. The firm has a market cap of $12.83 billion, a P/E ratio of 52.18, a price-to-earnings-growth ratio of 0.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. Grab has a 1 year low of $2.74 and a 1 year high of $6.60. The company has a 50 day simple moving average of $3.39 and a two-hundred day simple moving average of $3.58.

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

Insider Buying and Selling at Grab

In other Grab news, COO Alexander Hungate bought 299,571 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was bought at an average cost of $2.89 per share, for a total transaction of $865,760.19. Following the completion of the transaction, the chief operating officer owned 6,411,550 shares of the company’s stock, valued at $18,529,379.50. This represents a 4.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Peter Henry Oey sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3.60, for a total transaction of $180,000.00. Following the sale, the chief financial officer directly owned 6,853,470 shares of the company’s stock, valued at approximately $24,672,492. This represents a 0.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,219,349 shares of company stock worth $4,459,375. 3.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Grab in the fourth quarter worth about $25,000. Montag A & Associates Inc. purchased a new position in Grab during the 1st quarter valued at approximately $27,000. Strategic Global Advisors LLC bought a new stake in Grab in the 2nd quarter worth approximately $41,000. Smith Chas P & Associates PA Cpas purchased a new stake in shares of Grab during the 4th quarter worth approximately $55,000. Finally, 71 West Capital Partners purchased a new stake in shares of Grab during the 2nd quarter worth approximately $43,000. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on GRAB shares. Bank of America reaffirmed a “buy” rating on shares of Grab in a report on Friday. Barclays reduced their price target on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Benchmark reiterated a “buy” rating on shares of Grab in a research note on Tuesday, August 4th. KeyCorp set a $7.00 target price on shares of Grab in a report on Wednesday, September 16th. Finally, Weiss Ratings downgraded shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Grab has a consensus rating of “Moderate Buy” and a consensus price target 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.