Key Points
- CEO Anthony Ping Yeow Tan sold 400,000 shares on April 10 under a pre-arranged Rule 10b5-1 plan at an average price of $3.68, generating $1.472 million and reducing his holding to 425,193 shares (a 48.47% decrease).
- GRAB stock traded around $3.73 with a $15.28 billion market cap and a one-year range of $3.48–$6.62; analysts have an average "Buy" rating and $6.47 consensus target, and the company recently beat EPS estimates ($0.04 vs. $0.01) while missing revenue expectations.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $3.68, for a total value of $1,472,000.00. Following the completion of the transaction, the chief executive officer owned 425,193 shares in the company, valued at $1,564,710.24. This trade represents a 48.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Grab Stock Performance
GRAB stock opened at $3.73 on Tuesday. Grab Holdings Limited has a one year low of $3.48 and a one year high of $6.62. The firm has a market cap of $15.28 billion, a price-to-earnings ratio of 124.37, a PEG ratio of 0.88 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The firm has a 50-day simple moving average of $3.95 and a two-hundred day simple moving average of $4.84.
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 company had revenue of $906.00 million during the quarter, compared to analysts' expectations of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. On average, equities analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently weighed in on GRAB. Benchmark restated a "buy" rating on shares of Grab in a research note on Thursday, February 12th. Sanford C. Bernstein reissued an "outperform" rating and issued a $5.80 price target on shares of Grab in a report on Monday, January 26th. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research note on Thursday, January 22nd. HSBC raised shares of Grab from a "hold" rating to a "buy" rating and set a $6.20 price objective 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 report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $6.47.
Get Our Latest Stock Report on GRAB
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its holdings in Grab by 201.2% in the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company's stock valued at $160,000 after purchasing an additional 23,639 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Grab by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company's stock valued at $41,817,000 after buying an additional 529,433 shares during the period. Empowered Funds LLC lifted its holdings in shares of Grab by 6.2% in the 1st quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock valued at $239,000 after buying an additional 3,090 shares during the period. Focus Partners Wealth purchased a new stake in shares of Grab in the first quarter worth about $63,000. Finally, Cetera Investment Advisers grew its holdings in Grab by 11.7% during the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company's stock worth $537,000 after acquiring an additional 11,158 shares during the period. 55.52% of the stock is currently owned by institutional investors and hedge funds.
Grab Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
