Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Chin Yin Ong sold 38,000 shares of the company's stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $3.62, for a total value of $137,560.00. Following the completion of the transaction, the insider owned 2,116,051 shares of the company's stock, valued at $7,660,104.62. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Grab Trading Down 1.7%
GRAB stock opened at $3.56 on Tuesday. The business has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $4.93. Grab Holdings Limited has a 1-year low of $3.36 and a 1-year high of $6.62. The company has a market capitalization of $14.59 billion, a price-to-earnings ratio of 118.71, a PEG ratio of 0.86 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73.
Grab (NASDAQ:GRAB - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. The firm had revenue of $906.00 million during the quarter, compared to the consensus estimate of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. Research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on GRAB. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research report on Thursday, January 22nd. Sanford C. Bernstein restated an "outperform" rating and issued a $5.80 price target on shares of Grab in a research report on Monday, January 26th. Benchmark restated a "buy" rating on shares of Grab in a research report on Thursday, February 12th. HSBC upgraded Grab from a "hold" rating to a "buy" rating and set a $6.20 price target for the company in a research report on Friday, January 16th. Finally, Wall Street Zen raised shares of Grab from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $6.47.
Read Our Latest Report on GRAB
Institutional Trading of Grab
Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in shares of Grab by 42.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 115,817 shares of the company's stock valued at $578,000 after acquiring an additional 34,393 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Grab by 2.1% in the fourth quarter. Corient Private Wealth LLC now owns 129,340 shares of the company's stock valued at $644,000 after acquiring an additional 2,665 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Grab in the fourth quarter valued at about $25,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Grab in the fourth quarter valued at about $506,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Grab by 624.7% in the fourth quarter. Sunbelt Securities Inc. now owns 7,522 shares of the company's stock valued at $38,000 after acquiring an additional 6,484 shares in the last quarter. Institutional investors own 55.52% of the company's stock.
About Grab
(
Get Free Report)
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.
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