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

Grab Holdings Limited (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $3.62, for a total transaction of $1,448,000.00. Following the sale, the chief executive officer owned 428,498 shares of the company’s stock, valued at approximately $1,551,162.76. The trade was a 48.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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, July 10th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The stock was sold at an average price of $3.91, for a total transaction of $1,564,000.00.
• On Monday, June 15th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.51, for a total value of $1,404,000.00.

Grab Price Performance

Shares of NASDAQ GRAB opened at $3.61 on Thursday. The stock has a fifty day simple moving average of $3.59 and a two-hundred day simple moving average of $3.79. Grab Holdings Limited has a 1-year low of $3.18 and a 1-year high of $6.62. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of 60.18, a price-to-earnings-growth ratio of 0.98 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last released its earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business 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%. Analysts anticipate that Grab Holdings Limited will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On Grab

Hedge funds have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in Grab during the 4th quarter worth about $25,000. Montag A & Associates Inc. bought a new position in Grab in the 1st quarter worth about $27,000. Parallel Advisors LLC grew its holdings in 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 buying an additional 4,601 shares in the last quarter. Signaturefd LLC grew its holdings in 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 buying an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Grab during the fourth quarter valued at about $35,000. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GRAB shares. Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Mizuho dropped their price objective on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Morgan Stanley reiterated an “overweight” rating and set a $6.25 target price on shares of Grab in a research report on Tuesday, June 30th. China Renaissance upgraded 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, JPMorgan Chase & Co. lowered their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.01.

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.