Grab (NASDAQ:GRAB) Insider Sells $170,400.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Chin Yin Ong sold 48,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the transaction, the insider owned 3,781,306 shares of the company’s stock, valued at approximately $13,423,636.30. This represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 Trading Down 2.7%

NASDAQ GRAB traded down $0.10 during trading on Thursday, reaching $3.54. 42,666,145 shares of the stock traded hands, compared to its average volume of 50,427,128. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 354.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. The stock’s 50-day moving average price is $3.72 and its 200 day moving average price is $4.37. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a fifty-two week low of $3.39 and a fifty-two week high of $6.62.

Grab (NASDAQ:GRAB) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The firm had revenue of $955.00 million for 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%. Analysts predict that Grab Holdings Limited will post 0.08 EPS for the current year.

Institutional Trading of Grab

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRAB. Norges Bank bought a new stake in Grab during the fourth quarter worth $161,484,000. PointState Capital LP raised its position in Grab by 411.1% during the fourth quarter. PointState Capital LP now owns 32,555,483 shares of the company’s stock worth $162,452,000 after acquiring an additional 26,186,329 shares in the last quarter. Marshall Wace LLP raised its position in Grab by 49.2% during the fourth quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock worth $361,542,000 after acquiring an additional 23,891,108 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Grab by 173.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,753,836 shares of the company’s stock worth $173,422,000 after acquiring an additional 22,038,961 shares in the last quarter. Finally, Citigroup Inc. raised its position in Grab by 112.6% during the third quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock worth $195,041,000 after acquiring an additional 17,160,661 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GRAB. Zacks Research cut shares of Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Benchmark reiterated a “buy” rating on shares of Grab in a report on Thursday, February 12th. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th. Finally, Morgan Stanley set a $5.90 target price on shares of Grab in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and a consensus price target of $6.19.

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.