Key Points
- Grab insider Chin Yin Ong sold 48,000 shares on May 26 at an average price of $3.55, totaling $170,400. After the sale, Ong still held 3,781,306 shares, and the transaction reduced the position by 1.25%.
- The insider has been trimming holdings repeatedly, also selling 38,000 shares on both May 4 and April 2 at prices around $3.59 and $3.62, respectively.
- Grab’s stock was trading near the lower end of its range, opening at $3.54, below its 50-day and 200-day moving averages, while the company recently missed EPS estimates but beat revenue expectations in its latest quarterly report.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Chin Yin Ong sold 48,000 shares of the business's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total value of $170,400.00. Following the completion of the transaction, the insider directly owned 3,781,306 shares of the company's stock, valued at approximately $13,423,636.30. This trade represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Chin Yin Ong also recently made the following trade(s):
- On Monday, May 4th, Chin Yin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.59, for a total value of $136,420.00.
- 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 Down 2.7%
Shares of GRAB stock opened at $3.54 on Friday. The stock has a 50 day moving average of $3.72 and a 200 day moving average of $4.37. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock has a market cap of $14.51 billion, a P/E ratio of 354.35, a P/E/G ratio of 1.65 and a beta of 0.93. Grab Holdings Limited has a twelve month low of $3.39 and a twelve month high of $6.62.
Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $955.00 million for the quarter, compared to analysts' expectations of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. As a group, sell-side analysts expect that Grab Holdings Limited will post 0.08 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Grab during the 4th quarter worth approximately $25,000. Montag A & Associates Inc. purchased a new position in shares of Grab in the first quarter valued at approximately $27,000. Parallel Advisors LLC boosted its stake in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock worth $30,000 after acquiring an additional 4,601 shares during the last quarter. Signaturefd LLC increased its position 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 in the last quarter. Finally, Advocate Investing Services LLC acquired a new position in Grab in the 4th quarter valued at $35,000. 55.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
GRAB has been the subject of several recent analyst reports. Morgan Stanley set a $5.90 price target on Grab in a research note on Wednesday, May 6th. Zacks Research lowered Grab from a "hold" rating to a "strong sell" rating in a report on Monday, May 4th. Weiss Ratings upgraded Grab from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, May 6th. Benchmark reaffirmed a "buy" rating on shares of Grab in a research note on Thursday, February 12th. Finally, Mizuho decreased 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $6.19.
Get Our Latest Stock Analysis 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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