Key Points
- Grab insider Philipp Wolfgang Josef Kandal sold 30,000 shares at an average price of $3.00, generating $90,000. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his ownership by 0.76% to 3.93 million shares.
- Grab shares opened at $2.87 and were down 2.4%, trading near the company’s 52-week low of $2.74. The stock has a market capitalization of approximately $11.76 billion.
- Analysts maintain a generally positive view, with a consensus rating of “Buy” and an average price target of $6.01, despite one sell rating. Grab recently exceeded quarterly earnings and revenue expectations.
Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the company's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $3.00, for a total transaction of $90,000.00. Following the completion of the transaction, the insider directly owned 3,928,735 shares of the company's stock, valued at approximately $11,786,205. The trade was a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Tuesday, September 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.08, for a total value of $92,400.00.
- On Friday, August 14th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.64, for a total value of $109,200.00.
Grab Stock Down 2.4%
Shares of NASDAQ GRAB opened at $2.87 on Tuesday. 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 1 year low of $2.74 and a 1 year high of $6.24. The stock's 50-day simple moving average is $3.25 and its 200-day simple moving average is $3.50. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 0.52 and a beta of 0.91.
Grab (NASDAQ:GRAB - Get Free Report) last issued 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 firm had revenue of $997.00 million during the quarter, compared to the consensus estimate of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on GRAB. Weiss Ratings lowered Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, August 17th. KeyCorp set a $7.00 price target on shares of Grab in a research report on Wednesday, September 16th. Benchmark restated a "buy" rating on shares of Grab in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 6th. Finally, Bank of America reaffirmed a "buy" rating on shares of Grab in a report on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $6.01.
View Our Latest Stock Report on GRAB
Hedge Funds Weigh In On Grab
Several large investors have recently modified their holdings of GRAB. Corient Private Wealth LLC lifted its position in shares of Grab by 2.1% during the 4th quarter. Corient Private Wealth LLC now owns 129,340 shares of the company's stock valued at $644,000 after acquiring an additional 2,665 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Grab by 0.4% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 721,569 shares of the company's stock worth $2,628,000 after acquiring an additional 2,858 shares in the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Grab by 3.2% during the 1st quarter. AdvisorNet Financial Inc now owns 100,104 shares of the company's stock worth $366,000 after acquiring an additional 3,141 shares in the last quarter. KBC Group NV boosted its stake in shares of Grab by 0.4% during the 1st quarter. KBC Group NV now owns 1,096,393 shares of the company's stock worth $4,012,000 after acquiring an additional 4,170 shares in the last quarter. Finally, Keybank National Association OH grew its holdings in shares of Grab by 34.7% in the 1st quarter. Keybank National Association OH now owns 16,677 shares of the company's stock worth $61,000 after acquiring an additional 4,295 shares during the last quarter. Institutional investors own 55.52% of the company's stock.
About Grab
(
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. The company began as a ride-hailing service in Malaysia in 2012 and is headquartered in Singapore.
Grab's platform provides mobility services, including ride-hailing, taxi bookings and other transportation options. It also offers food, grocery and package deliveries, connecting users with restaurants, retailers and delivery partners through its digital marketplace.
In addition, Grab provides digital financial services in selected markets, including payments, consumer and merchant lending, digital banking and insurance-related products.
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