Key Points
- Grab CEO Anthony Ping Yeow Tan sold 400,000 shares on May 11 at an average price of $3.67, totaling about $1.47 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Tan directly owned 25,193 shares, a 94.07% decrease in his holdings. He also sold 400,000 shares in a separate trade on April 10 at $3.68 per share.
- Grab shares were trading around $3.63, near their 52-week low of $3.48, after the company recently reported a slight earnings miss but revenue above expectations for the quarter. Analysts currently have a Moderate Buy consensus with a $6.19 average price target.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $3.67, for a total value of $1,468,000.00. Following the sale, the chief executive officer directly owned 25,193 shares of the company's stock, valued at $92,458.31. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anthony Ping Yeow Tan also recently made the following trade(s):
- On Friday, April 10th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.68, for a total value of $1,472,000.00.
Grab Trading Down 0.3%
GRAB stock opened at $3.63 on Thursday. The business has a fifty day moving average price of $3.80 and a 200 day moving average price of $4.55. Grab Holdings Limited has a fifty-two week low of $3.48 and a fifty-two week high of $6.62. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 363.36, a P/E/G ratio of 1.65 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The business had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Analysts expect that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.
Institutional Investors Weigh In On Grab
Institutional investors and hedge funds have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Grab during the fourth quarter worth $25,000. Parallel Advisors LLC grew its stake in shares of Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock worth $30,000 after purchasing an additional 4,601 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Grab during the third quarter worth $38,000. Signaturefd LLC grew its stake in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company's stock worth $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% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company's stock worth $39,000 after purchasing an additional 6,500 shares during the period. Institutional investors own 55.52% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on GRAB shares. China Renaissance raised Grab from a "hold" rating to a "buy" rating and set a $5.00 target price for the company in a research note on Wednesday, May 6th. Wall Street Zen upgraded Grab from a "sell" rating to a "hold" rating in a research report on Friday, January 23rd. Zacks Research downgraded Grab from a "hold" rating to a "strong sell" rating in a research report on Monday, May 4th. Sanford C. Bernstein restated an "outperform" rating and set a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Finally, Mizuho dropped their target price on Grab from $7.00 to $6.00 and set an "outperform" rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.19.
View Our Latest Report on GRAB
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.
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