Key Points
- Grab COO Alexander Hungate sold 145,349 shares at an average price of $3.48, generating $505,814.52. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 2.32% to 6.11 million shares.
- Grab reported quarterly EPS of $0.06, beating estimates by $0.01, while revenue of $997 million slightly exceeded expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $6.01.
- GRAB opened at $3.42, compared with a 52-week range of $3.18 to $6.62; institutional investors own approximately 55.52% of the company.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) COO Alexander Hungate sold 145,349 shares of the business's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $3.48, for a total value of $505,814.52. Following the transaction, the chief operating officer owned 6,111,979 shares of the company's stock, valued at $21,269,686.92. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alexander Charles Hungate also recently made the following trade(s):
- On Tuesday, June 23rd, Alexander Hungate sold 144,093 shares of Grab stock. The shares were sold at an average price of $3.45, for a total transaction of $497,120.85.
Grab Stock Performance
Shares of NASDAQ:GRAB opened at $3.42 on Friday. The firm's 50 day simple moving average is $3.62 and its 200 day simple moving average is $3.70. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 57.01, a P/E/G ratio of 0.90 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51.
Grab (NASDAQ:GRAB - Get Free Report) last issued its 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 net margin of 15.97% and a return on equity of 8.83%. The firm had revenue of $997.00 million during the quarter, compared to the consensus estimate of $994.97 million. As a group, sell-side analysts forecast that Grab Holdings Limited will post 0.13 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have issued reports on GRAB shares. Zacks Research raised Grab from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Benchmark reaffirmed a "buy" rating on shares of Grab in a research note on Tuesday, August 4th. Morgan Stanley reissued an "overweight" rating and issued a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. Barclays cut their target price on shares of Grab from $7.00 to $5.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Finally, Weiss Ratings cut Grab from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $6.01.
View Our Latest Stock Analysis on Grab
Institutional Investors Weigh In On Grab
Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Grab by 201.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company's stock worth $160,000 after acquiring an additional 23,639 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Grab by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company's stock worth $41,817,000 after buying an additional 529,433 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock worth $239,000 after buying an additional 3,090 shares in the last quarter. Focus Partners Wealth bought a new position in shares of Grab in the 1st quarter valued at $63,000. Finally, Cetera Investment Advisers boosted its holdings in shares of Grab by 11.7% during the 2nd quarter. Cetera Investment Advisers now owns 106,710 shares of the company's stock valued at $537,000 after acquiring an additional 11,158 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.
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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