Key Points
- Grab insider Philipp Wolfgang Josef Kandal sold 30,000 shares on May 15 at an average price of $3.54, totaling $106,200. The sale was made under a pre-arranged Rule 10b5-1 plan, and his ownership fell by 0.73%.
- The stock was trading down 1.1% and opened at $3.50, near its 52-week low of $3.46. Grab’s shares are below both the 50-day moving average of $3.75 and the 200-day moving average of $4.48.
- Grab recently reported mixed quarterly results, missing EPS expectations but beating revenue estimates, while analysts currently hold a Moderate Buy consensus with a $6.19 price target.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the company's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $3.54, for a total value of $106,200.00. Following the sale, the insider owned 4,095,430 shares of the company's stock, valued at $14,497,822.20. This trade represents a 0.73% decrease in their ownership of the stock. The sale 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.
Philipp Wolfgang Josef Kandal also recently made the following trade(s):
- On Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The shares were sold at an average price of $4.00, for a total value of $80,000.00.
- On Wednesday, April 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total value of $117,600.00.
Grab Trading Down 1.1%
Shares of NASDAQ:GRAB opened at $3.50 on Wednesday. The business's 50-day moving average is $3.75 and its 200 day moving average is $4.48. Grab Holdings Limited has a 1 year low of $3.46 and a 1 year high of $6.62. The firm has a market capitalization of $14.34 billion, a P/E ratio of 350.35, a P/E/G ratio of 1.61 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 announced its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, research analysts predict that Grab Holdings Limited will post 0.08 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on GRAB. Mizuho reduced their target price on Grab from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 5th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Zacks Research lowered Grab from a "hold" rating to a "strong sell" rating in a research report on Monday, May 4th. Benchmark reaffirmed a "buy" rating on shares of Grab in a research report on Thursday, February 12th. Finally, Wall Street Zen raised Grab from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Grab currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.19.
Get Our Latest Stock Analysis on GRAB
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Grab in the fourth quarter valued at about $25,000. Parallel Advisors LLC increased its holdings in shares of Grab by 305.5% in the fourth 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 acquired a new position in shares of Grab in the third quarter valued at about $38,000. Signaturefd LLC increased its holdings in shares of Grab by 64.6% in the fourth 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 increased its holdings in shares of Grab by 162,500.0% in the third 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 owned by institutional investors and hedge funds.
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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