Peter Henry Oey Sells 50,000 Shares of Grab (NASDAQ:GRAB) Stock

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction on Friday, May 15th. The stock was sold at an average price of $3.54, for a total transaction of $177,000.00. Following the sale, the chief financial officer directly owned 7,000,165 shares of the company’s stock, valued at $24,780,584.10. This represents a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Henry Oey also recently made the following trade(s):

• On Wednesday, April 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $3.92, for a total transaction of $196,000.00.

Grab Stock Up 0.3%

Shares of NASDAQ:GRAB opened at $3.51 on Thursday. Grab Holdings Limited has a 52 week low of $3.39 and a 52 week high of $6.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. The company has a market capitalization of $14.38 billion, a PE ratio of 351.35, a PEG ratio of 1.59 and a beta of 0.93. The company has a 50 day moving average price of $3.75 and a two-hundred day moving average price of $4.46.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Grab in the 4th quarter valued at approximately $25,000. Parallel Advisors LLC grew its stake in shares of Grab by 305.5% during the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Grab during the 3rd quarter worth approximately $38,000. Signaturefd LLC raised its holdings in shares of Grab by 64.6% in the fourth 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 last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after purchasing an additional 6,500 shares during the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GRAB has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley set a $5.90 target price on shares of Grab in a research note on Wednesday, May 6th. Zacks Research downgraded shares of Grab from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average 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.