Grab (NASDAQ:GRAB) CFO Sells $180,000.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $3.60, for a total transaction of $180,000.00. Following the transaction, the chief financial officer owned 6,853,470 shares in the company, valued at approximately $24,672,492. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Henry Oey also recently made the following trade(s):

• On Monday, June 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.53, for a total transaction of $176,500.00.

Grab Price Performance

Shares of GRAB traded up $0.09 on Wednesday, reaching $3.54. The stock had a trading volume of 29,788,771 shares, compared to its average volume of 49,824,949. Grab Holdings Limited has a twelve month low of $3.18 and a twelve month high of $6.62. The firm has a market capitalization of $14.51 billion, a PE ratio of 59.01, a PEG ratio of 0.95 and a beta of 0.89. The firm has a 50-day moving average of $3.61 and a 200 day moving average of $3.77. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06.

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

Analysts Set New Price Targets

Several equities research analysts have commented on the company. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Wednesday, May 6th. Weiss Ratings cut Grab from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Barclays dropped their target price on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $6.25 price target on shares of Grab in a research report on Tuesday, June 30th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.01.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its position in shares of Grab by 9.8% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,821,595 shares of the company’s stock valued at $58,928,000 after buying an additional 1,050,619 shares in the last quarter. Jennison Associates LLC bought a new stake in Grab during the 4th quarter worth approximately $18,919,000. Principal Financial Group Inc. lifted its holdings in Grab by 28.9% during the fourth quarter. Principal Financial Group Inc. now owns 13,177,391 shares of the company’s stock valued at $65,755,000 after purchasing an additional 2,956,486 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Grab in the second quarter worth approximately $10,119,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Grab by 17.0% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,041,490 shares of the company’s stock worth $7,696,000 after purchasing an additional 296,256 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors.

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.