Key Points
- Grab CFO Peter Henry Oey sold 50,000 shares at an average price of $3.60, generating $180,000. The transaction occurred under a pre-arranged Rule 10b5-1 trading plan, leaving him with 6.85 million shares.
- Grab shares opened at $3.54, near the lower end of their 12-month range of $3.18 to $6.62. The company recently beat quarterly estimates, reporting $0.06 in EPS versus the $0.05 consensus and revenue of $997 million.
- Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $6.01, despite some downgrades and a recent “sell” rating from Weiss Ratings.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $3.60, for a total transaction of $180,000.00. Following the completion of the sale, the chief financial officer owned 6,853,470 shares of the company's stock, valued at approximately $24,672,492. The trade was a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peter Henry Oey also recently made the following trade(s):
- On Monday, June 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.53, for a total value of $176,500.00.
Grab Price Performance
Shares of NASDAQ:GRAB opened at $3.54 on Thursday. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The stock has a market capitalization of $14.51 billion, a PE ratio of 59.01, a PEG ratio of 0.90 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $3.61 and a 200-day moving average of $3.76.
Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The company had revenue of $997.00 million during the quarter, compared to analysts' expectations of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. On average, equities research analysts predict that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Grab during the 4th quarter valued at $25,000. Montag A & Associates Inc. bought a new stake in Grab in the first quarter valued at $27,000. Parallel Advisors LLC boosted its position in Grab by 305.5% during the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock valued at $30,000 after acquiring an additional 4,601 shares in the last quarter. Advocate Investing Services LLC bought a new stake in shares of Grab during the fourth quarter valued at approximately $35,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Grab by 128.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company's stock valued at $38,000 after acquiring an additional 4,225 shares during the period. Hedge funds and other institutional investors own 55.52% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of Grab from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their target price 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. Morgan Stanley reaffirmed an "overweight" rating and set a $6.25 price target on shares of Grab in a research report on Tuesday, June 30th. Weiss Ratings lowered Grab from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday. Finally, China Renaissance raised shares of Grab from a "hold" rating to a "buy" rating and set a $5.00 price objective on the stock in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $6.01.
View Our Latest 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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