Grab (NASDAQ:GRAB) Insider Sells $136,420.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Chin Yin Ong sold 38,000 shares of Grab stock in a transaction on Monday, May 4th. The stock was sold at an average price of $3.59, for a total transaction of $136,420.00. Following the transaction, the insider owned 3,822,988 shares in the company, valued at approximately $13,724,526.92. This trade represents a 0.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chin Yin Ong also recently made the following trade(s):

• On Thursday, April 2nd, Chin Yin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.62, for a total transaction of $137,560.00.

Grab Stock Performance

NASDAQ GRAB opened at $3.72 on Friday. The company has a market capitalization of $15.24 billion, a price-to-earnings ratio of 372.37, a PEG ratio of 1.83 and a beta of 0.93. The company has a quick ratio of 1.73, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a twelve month low of $3.48 and a twelve month high of $6.62. The stock has a fifty day simple moving average of $3.84 and a 200 day simple moving average of $4.60.

Grab (NASDAQ:GRAB) last announced 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 return on equity of 5.79% and a net margin of 10.67%.The company had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Sell-side analysts expect that Grab Holdings Limited will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GRAB. Morgan Stanley set a $5.90 target price on Grab in a report on Wednesday. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a report on Wednesday. Benchmark restated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. Mizuho decreased their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Zacks Research downgraded shares of Grab from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.19.

Hedge Funds Weigh In On Grab

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

About Grab

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.