Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CEO Anthony Ping Yeow Tan sold 400,000 shares of the business's stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.51, for a total transaction of $1,404,000.00. Following the completion of the transaction, the chief executive officer directly owned 425,193 shares in the company, valued at $1,492,427.43. This represents a 48.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Monday, May 11th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.67, for a total transaction of $1,468,000.00.
- 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 transaction of $1,472,000.00.
Grab Stock Performance
Shares of GRAB opened at $3.49 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. Grab Holdings Limited has a 1 year low of $3.18 and a 1 year high of $6.62. The stock has a market capitalization of $14.30 billion, a P/E ratio of 349.35, a P/E/G ratio of 1.57 and a beta of 0.89. The company's fifty day moving average is $3.66 and its two-hundred day moving average is $4.19.
Grab (NASDAQ:GRAB - Get Free Report) last posted 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 return on equity of 5.79% and a net margin of 10.67%.The company had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. On average, sell-side analysts predict that Grab Holdings Limited will post 0.08 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Grab from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.90 to $5.80 and set an "overweight" rating on the stock in a research note on Tuesday, May 5th. Mizuho lowered their price target on shares of Grab from $7.00 to $6.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 5th. China Renaissance raised shares of 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, May 6th. Finally, Weiss Ratings raised shares of Grab from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.19.
View Our Latest Analysis on Grab
Institutional Investors Weigh In On Grab
A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its stake in Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company's stock valued at $82,000 after acquiring an additional 1,768 shares during the last quarter. Savant Capital LLC grew its stake in Grab by 19.3% in the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company's stock valued at $73,000 after acquiring an additional 1,957 shares during the last quarter. Pitcairn Co. grew its stake in Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company's stock valued at $105,000 after acquiring an additional 2,080 shares during the last quarter. Adalta Capital Management LLC grew its stake in Grab by 2.2% in the 3rd quarter. Adalta Capital Management LLC now owns 100,880 shares of the company's stock valued at $607,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Grab by 7.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company's stock valued at $161,000 after acquiring an additional 2,300 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.
Grab Company Profile
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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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