Grab (NASDAQ:GRAB) CFO Peter Henry Oey Sells 50,000 Shares

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $3.60, for a total value of $180,000.00. Following the sale, the chief financial officer owned 6,853,470 shares in the company, valued at $24,672,492. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a legal filing 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 stock was sold at an average price of $3.53, for a total transaction of $176,500.00.

Grab Stock Performance

Grab stock opened at $3.54 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.52 and a quick ratio of 1.51. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 59.01, a price-to-earnings-growth ratio of 0.90 and a beta of 0.89. The stock’s 50-day moving average is $3.61 and its 200-day moving average is $3.76. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GRAB. Pitcairn Co. lifted its stake in shares of Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after purchasing an additional 2,080 shares during the period. Adalta Capital Management LLC grew its position in shares of Grab by 2.2% in the 3rd quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock valued at $607,000 after purchasing an additional 2,200 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Grab by 7.7% during the second quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after acquiring an additional 2,300 shares in the last quarter. Soros Fund Management LLC increased its holdings in Grab by 19.7% during the 2nd quarter. Soros Fund Management LLC now owns 14,677 shares of the company’s stock worth $74,000 after purchasing an additional 2,419 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in Grab by 1.9% in the 4th quarter. Corient Private Wealth LLC now owns 129,144 shares of the company’s stock valued at $643,000 after buying an additional 2,469 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

GRAB has been the subject of a number of analyst reports. Barclays reduced their price objective on Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Mizuho decreased their price target on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Benchmark restated a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Finally, China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Grab presently 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.