Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Chin Ong sold 38,000 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.43, for a total value of $130,340.00. Following the transaction, the insider owned 3,632,611 shares in the company, valued at approximately $12,459,855.73. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chin Yin Ong also recently made the following trade(s):
- On Monday, August 3rd, Chin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.61, for a total value of $137,180.00.
- On Thursday, July 2nd, Chin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.88, for a total value of $147,440.00.
Grab Stock Performance
NASDAQ:GRAB opened at $3.25 on Wednesday. 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 firm has a market cap of $13.32 billion, a PE ratio of 54.18, a price-to-earnings-growth ratio of 0.90 and a beta of 0.89. The business has a 50 day moving average price of $3.61 and a 200-day moving average price of $3.68.
Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Grab had a net margin of 15.97% and a return on equity of 8.83%. The business had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. Equities research analysts predict that Grab Holdings Limited will post 0.13 earnings per share for the current year.
Analyst Ratings Changes
Several analysts recently issued reports on the company. Barclays cut their target price on Grab from $7.00 to $5.00 and set an "overweight" rating on the stock in a research note on Thursday, July 9th. Morgan Stanley reiterated an "overweight" rating and issued a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th. Benchmark reiterated a "buy" rating on shares of Grab in a research report on Tuesday, August 4th. Zacks Research raised Grab from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings downgraded Grab from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. One 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's stock. Based on data from MarketBeat.com, Grab has an average rating of "Moderate Buy" and an average target price of $6.01.
Read Our Latest Stock Analysis on GRAB
Institutional Trading of Grab
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab during the 4th quarter valued at approximately $25,000. Montag A & Associates Inc. purchased a new stake in shares of Grab in the first quarter worth $27,000. Parallel Advisors LLC grew its stake in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock worth $30,000 after acquiring an additional 4,601 shares during the last quarter. Advocate Investing Services LLC bought a new position in shares of Grab during the fourth quarter valued at $35,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Grab by 128.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company's stock worth $38,000 after purchasing an additional 4,225 shares during the last quarter. Hedge funds and other institutional investors 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
