Key Points
- Grab CEO Anthony Tan sold 400,000 shares at an average price of $3.62, generating $1.448 million. The Rule 10b5-1 transaction reduced his ownership by 48.28% to 428,498 shares.
- Grab recently reported quarterly EPS of $0.06, beating estimates by $0.01, while revenue of $997 million slightly exceeded analyst expectations.
- Shares opened at $3.61 and were down 3.5%, with analysts maintaining a broadly positive outlook: the stock carries a “Moderate Buy” consensus rating and an average price target of $6.01.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CEO Anthony Ping Yeow Tan sold 400,000 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $3.62, for a total transaction of $1,448,000.00. Following the completion of the sale, the chief executive officer owned 428,498 shares in the company, valued at $1,551,162.76. This represents a 48.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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, July 10th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.91, for a total transaction of $1,564,000.00.
- On Monday, June 15th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.51, for a total transaction of $1,404,000.00.
Grab Trading Down 3.5%
Grab stock opened at $3.61 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.52. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62. The stock has a market cap of $14.79 billion, a P/E ratio of 60.18, a PEG ratio of 0.98 and a beta of 0.89. The firm's fifty day moving average price is $3.59 and its 200-day moving average price is $3.79.
Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The company had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Equities research analysts forecast that Grab Holdings Limited will post 0.13 earnings per share for the current fiscal year.
Institutional Trading of Grab
Hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in Grab during the fourth quarter valued at approximately $161,484,000. PointState Capital LP raised its stake in shares of Grab by 411.1% during the fourth quarter. PointState Capital LP now owns 32,555,483 shares of the company's stock worth $162,452,000 after acquiring an additional 26,186,329 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Grab by 49.2% in the 4th quarter. Marshall Wace LLP now owns 72,453,397 shares of the company's stock worth $361,542,000 after acquiring an additional 23,891,108 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Grab by 58.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company's stock valued at $200,957,000 after purchasing an additional 20,152,535 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Grab by 24.9% in the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company's stock valued at $480,383,000 after purchasing an additional 15,916,063 shares in the last quarter. Institutional investors own 55.52% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on GRAB shares. Morgan Stanley reiterated an "overweight" rating and set a $6.25 price target on shares of Grab in a research report on Tuesday, June 30th. China Renaissance raised shares of Grab from a "hold" rating to a "buy" rating and set a $5.00 target price on the stock in a research note on Wednesday, May 6th. Barclays dropped their target price on shares of Grab from $7.00 to $5.00 and set an "overweight" rating for the company in a research report on Thursday, July 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of Grab in a research note on Monday, August 3rd. Finally, Mizuho decreased their price target on shares of Grab from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $6.01.
Read 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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