Insider Selling: Grab (NASDAQ:GRAB) Insider Sells 38,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Chin Yin Ong sold 38,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $3.43, for a total value of $130,340.00. Following the completion of the sale, the insider directly owned 3,743,306 shares in the company, valued at approximately $12,839,539.58. The trade was a 1.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 26th, Chin Yin Ong sold 48,000 shares of Grab stock. The stock was sold at an average price of $3.55, for a total value of $170,400.00.
• 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 value 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 value of $137,560.00.

Grab Stock Down 3.5%

Grab stock traded down $0.12 during mid-day trading on Friday, hitting $3.34. The company had a trading volume of 48,685,606 shares, compared to its average volume of 44,195,736. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $4.28. Grab Holdings Limited has a 12 month low of $3.33 and a 12 month high of $6.62. The company has a market capitalization of $13.69 billion, a PE ratio of 334.33, a price-to-earnings-growth ratio of 1.57 and a beta of 0.89.

Grab (NASDAQ:GRAB) last released 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 during the quarter, compared to the consensus estimate of $921.71 million. As a group, sell-side analysts anticipate that Grab Holdings Limited will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab during the fourth quarter valued at $25,000. Parallel Advisors LLC lifted 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 purchasing an additional 4,601 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Grab during the third quarter valued at $38,000. Signaturefd LLC lifted 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 purchasing an additional 2,543 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after purchasing an additional 6,500 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on GRAB. Morgan Stanley set a $5.90 target price on Grab in a report on Wednesday, May 6th. Benchmark reissued a “buy” rating on shares of Grab in a report on Thursday, February 12th. Mizuho dropped their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.