Key Points
- Chin Yin Ong sold 38,000 shares of Grab on May 4 at an average price of $3.59 for $136,420, trimming their stake by 0.98% to 3,822,988 shares; the transaction was executed under a pre‑arranged Rule 10b5‑1 trading plan.
- Grab’s Q1 results showed EPS of ($0.01), missing the $0.02 consensus, while revenue beat expectations at $955 million, indicating top‑line strength despite the earnings shortfall.
- Analysts hold a consensus Moderate Buy rating with an average price target of $6.19, and institutional investors own roughly 55.5% of the stock.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Chin Yin Ong sold 38,000 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $3.59, for a total value of $136,420.00. Following the completion of the sale, the insider directly owned 3,822,988 shares in the company, valued at $13,724,526.92. This trade represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chin Yin Ong also recently made the following trade(s):
- 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 value of $137,560.00.
Grab Stock Performance
GRAB opened at $3.77 on Thursday. The firm has a market capitalization of $15.45 billion, a P/E ratio of 377.38, a price-to-earnings-growth ratio of 0.96 and a beta of 0.93. The stock's 50 day moving average price is $3.85 and its two-hundred day moving average price is $4.62. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12-month low of $3.48 and a 12-month high of $6.62.
Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results 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 business had revenue of $955.00 million during 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%. On average, equities analysts forecast that Grab Holdings Limited will post 0.08 earnings per share for the current year.
Hedge Funds Weigh In On Grab
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab during the fourth quarter valued at about $25,000. Parallel Advisors LLC grew its stake in shares of Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock valued at $30,000 after purchasing an additional 4,601 shares during the period. Advisory Services Network LLC bought a new stake in shares of Grab in the 3rd quarter valued at approximately $38,000. Signaturefd LLC grew its stake in shares of Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company's stock valued at $32,000 after purchasing an additional 2,543 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Grab by 162,500.0% in the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company's stock valued at $39,000 after purchasing an additional 6,500 shares during the period. 55.52% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Benchmark restated a "buy" rating on shares of Grab in a research note on Thursday, February 12th. Sanford C. Bernstein restated an "outperform" rating and set a $5.80 price target on shares of Grab in a research note on Monday, January 26th. China Renaissance upgraded Grab from a "hold" rating to a "buy" rating and set a $5.00 price target on the stock in a research note on Wednesday. Morgan Stanley set a $5.90 price target on Grab in a research note on Wednesday. Finally, Wall Street Zen upgraded Grab from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.19.
Check Out Our Latest Report on Grab
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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.
Further Reading
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