Anthony Ping Yeow Tan Sells 400,000 Shares of Grab (NASDAQ:GRAB) Stock

Grab Holdings Limited (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan sold 400,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $3.67, for a total value of $1,468,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,193 shares in the company, valued at approximately $92,458.31. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Ping Yeow Tan also recently made the following trade(s):

• On Friday, April 10th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The stock was sold at an average price of $3.68, for a total value of $1,472,000.00.

Grab Stock Down 0.3%

GRAB stock traded down $0.01 during mid-day trading on Wednesday, hitting $3.63. The stock had a trading volume of 52,948,040 shares, compared to its average volume of 56,388,756. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 1-year low of $3.48 and a 1-year high of $6.62. The company has a fifty day moving average of $3.80 and a 200 day moving average of $4.55. The stock has a market capitalization of $14.87 billion, a price-to-earnings ratio of 363.36, a PEG ratio of 1.65 and a beta of 0.93.

Grab (NASDAQ:GRAB) last issued its earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). The firm had revenue of $955.00 million during the quarter, compared to analyst estimates of $921.71 million. Grab had a return on equity of 5.79% and a net margin of 10.67%. On average, equities analysts expect that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Grab in the 4th quarter worth approximately $25,000. Montag A & Associates Inc. bought a new stake in Grab in the 1st quarter valued at $27,000. Parallel Advisors LLC boosted its holdings in Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after purchasing an additional 4,601 shares during the period. Signaturefd LLC boosted its holdings in Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after purchasing an additional 2,543 shares during the period. Finally, Advocate Investing Services LLC bought a new stake in Grab in the 4th quarter valued at $35,000. 55.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on GRAB shares. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research lowered Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 price objective on the stock in a report on Friday, January 16th. Mizuho lowered their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Finally, China Renaissance raised 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 analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.19.

Grab Company Profile

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.