Key Points
- Grab CEO Anthony Tan purchased 10.35 million shares at an average price of $2.89, investing nearly $30 million and increasing his direct stake by 2,415.41% to 10.78 million shares.
- Grab recently exceeded quarterly expectations, reporting $0.06 in earnings per share versus the $0.05 consensus and revenue of $997 million, slightly above estimates.
- Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $6.11, despite the stock trading near its 52-week low.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) COO Alexander Hungate bought 299,571 shares of the business's stock in a transaction dated Monday, September 21st. The stock was acquired at an average cost of $2.89 per share, for a total transaction of $865,760.19. Following the purchase, the chief operating officer owned 6,411,550 shares in the company, valued at approximately $18,529,379.50. This trade represents a 4.90% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Alexander Charles Hungate also recently made the following trade(s):
- On Wednesday, September 2nd, Alexander Hungate sold 145,349 shares of Grab stock. The shares were sold at an average price of $3.48, for a total transaction of $505,814.52.
- On Tuesday, June 23rd, Alexander Hungate sold 144,093 shares of Grab stock. The stock was sold at an average price of $3.45, for a total transaction of $497,120.85.
Grab Stock Up 3.9%
Shares of NASDAQ GRAB opened at $2.91 on Tuesday. Grab Holdings Limited has a 12-month low of $2.74 and a 12-month high of $6.62. The company has a market cap of $11.92 billion, a P/E ratio of 48.51, a P/E/G ratio of 0.73 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 stock has a fifty day moving average price of $3.44 and a 200 day moving average price of $3.60.
Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. Research analysts anticipate that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Weiss Ratings downgraded shares of Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 17th. Zacks Research raised shares of Grab from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Barclays decreased 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. KeyCorp set a $7.00 price target on shares of Grab in a report on Wednesday, September 16th. Finally, Benchmark reaffirmed a "buy" rating on shares of Grab in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.11.
Get Our Latest Report on Grab
Institutional Investors Weigh In On Grab
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position 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 purchasing an additional 9,357,389 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Grab by 58.0% during 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 buying an additional 20,152,535 shares during the last quarter. WFM ASIA BVI Ltd grew its position in shares of Grab by 12.5% during the fourth quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company's stock worth $188,003,000 after buying an additional 4,194,477 shares in the last quarter. Norges Bank acquired a new stake in shares of Grab during the fourth quarter worth approximately $161,484,000. Finally, Artisan Partners Limited Partnership increased its stake in shares of Grab by 5.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 27,977,786 shares of the company's stock worth $139,609,000 after buying an additional 1,340,082 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.
Grab Company Profile
(
Get Free Report)
Grab Holdings Inc (NASDAQ: GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.
The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab's consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.
Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.
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