Grab (NASDAQ:GRAB) Insider Philipp Wolfgang Josef Kandal Sells 30,000 Shares

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock in a transaction on Friday, August 14th. The shares were sold at an average price of $3.64, for a total transaction of $109,200.00. Following the completion of the transaction, the insider directly owned 3,988,735 shares of the company’s stock, valued at $14,518,995.40. The trade was a 0.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

• On Monday, June 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.53, for a total transaction of $105,900.00.

Grab Price Performance

NASDAQ:GRAB opened at $3.45 on Wednesday. Grab Holdings Limited has a 52 week low of $3.18 and a 52 week high of $6.62. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $14.14 billion, a PE ratio of 57.51, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The stock’s 50-day moving average price is $3.61 and its 200-day moving average price is $3.77.

Grab (NASDAQ:GRAB) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. As a group, equities analysts expect that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.

Hedge Funds Weigh In On Grab

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of Grab during the fourth quarter worth approximately $25,000. Montag A & Associates Inc. purchased a new position in Grab in the 1st quarter valued at $27,000. Parallel Advisors LLC lifted 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 in the last quarter. Advocate Investing Services LLC acquired a new stake in Grab during the 4th quarter worth $35,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Grab by 128.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock worth $38,000 after buying an additional 4,225 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays reduced their target price on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th. Morgan Stanley restated an “overweight” rating and set a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. Mizuho decreased 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. Finally, China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $6.01.

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.