Grab (NASDAQ:GRAB) COO Alexander Charles Hungate Sells 144,093 Shares

Grab Holdings Limited (NASDAQ:GRAB) COO Alexander Charles Hungate sold 144,093 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $3.45, for a total transaction of $497,120.85. Following the completion of the transaction, the chief operating officer owned 6,254,023 shares of the company’s stock, valued at approximately $21,576,379.35. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $3.46 on Friday. The firm’s 50 day moving average is $3.63 and its two-hundred day moving average is $4.10. Grab Holdings Limited has a 52 week low of $3.18 and a 52 week high of $6.62. The firm has a market capitalization of $14.18 billion, a P/E ratio of 346.35, a PEG ratio of 1.58 and a beta of 0.89. 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 (NASDAQ:GRAB) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (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 business had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Analysts anticipate that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Grab

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley set a $5.90 price target on Grab in a research report on Wednesday, May 6th. Mizuho cut their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Finally, Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Grab presently has an average rating of “Moderate Buy” and an average 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.