Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $3.64, for a total transaction of $109,200.00. Following the completion of the sale, the insider owned 3,988,735 shares of the company's stock, valued at approximately $14,518,995.40. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 Monday, June 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.53, for a total value of $105,900.00.
Grab Trading Down 3.6%
Shares of Grab stock opened at $3.45 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. The stock's 50 day simple moving average is $3.61 and its 200-day simple moving average is $3.77. The stock has a market cap of $14.14 billion, a P/E ratio of 57.51, a P/E/G ratio of 0.95 and a beta of 0.89. Grab Holdings Limited has a 1-year low of $3.18 and a 1-year high of $6.62.
Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 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 firm had revenue of $997.00 million during the quarter, compared to analysts' expectations of $994.97 million. Analysts predict that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have issued reports on GRAB. Mizuho cut their target price on Grab from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, May 5th. Benchmark reissued a "buy" rating on shares of Grab in a research report on Tuesday, August 4th. Zacks Research raised shares of Grab from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Barclays cut their price objective 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. Finally, Weiss Ratings downgraded shares of Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $6.01.
Get Our Latest Stock Analysis on Grab
Institutional Investors Weigh In On Grab
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Grab by 6.4% in the 2nd quarter. BlackRock Inc. now owns 156,175,807 shares of the company's stock valued at $588,783,000 after acquiring an additional 9,357,389 shares during the period. Invesco Ltd. boosted its position in shares of Grab by 24.9% during the 3rd quarter. Invesco Ltd. now owns 79,797,848 shares of the company's stock worth $480,383,000 after purchasing an additional 15,916,063 shares during the period. Marshall Wace LLP boosted its position in shares of Grab by 49.2% during the 4th quarter. Marshall Wace LLP now owns 72,453,397 shares of the company's stock worth $361,542,000 after purchasing an additional 23,891,108 shares during the period. JPMorgan Chase & Co. increased its holdings in Grab by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 56,669,014 shares of the company's stock valued at $282,778,000 after purchasing an additional 878,966 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in 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 during the last quarter. 55.52% of the stock is currently 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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