Insider Selling: Grab (NASDAQ:GRAB) Insider Sells $170,400.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Chin Yin Ong sold 48,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $3.55, for a total transaction of $170,400.00. Following the sale, the insider directly owned 3,781,306 shares of the company’s stock, valued at approximately $13,423,636.30. This trade represents a 1.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, May 4th, Chin Yin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.59, for a total transaction of $136,420.00.
• 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

Shares of GRAB stock opened at $3.54 on Friday. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 354.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. Grab Holdings Limited has a 52 week low of $3.39 and a 52 week high of $6.62. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $3.71 and a 200-day moving average of $4.36.

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

Analyst Upgrades and Downgrades

GRAB has been the subject of several recent analyst reports. Benchmark reissued a “buy” rating on shares of Grab in a report on Thursday, February 12th. Zacks Research lowered Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Morgan Stanley set a $5.90 target price on Grab in a research note on Wednesday, May 6th. Finally, Mizuho cut their target price on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.19.

Hedge Funds Weigh In On Grab

Hedge funds and other institutional investors have recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab during the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. bought a new position in shares of Grab during the first quarter valued at approximately $27,000. Parallel Advisors LLC raised its holdings in shares of Grab by 305.5% during the fourth 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 in the last quarter. Signaturefd LLC raised its holdings in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after acquiring an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new position in shares of Grab during the fourth quarter valued at approximately $35,000. Institutional investors own 55.52% of the company’s stock.

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.