Grab Target of Unusually Large Options Trading (NASDAQ:GRAB)

Grab Holdings Limited (NASDAQ:GRAB) was the recipient of some unusual options trading on Monday. Traders bought 66,117 call options on the stock. This represents an increase of 72% compared to the typical daily volume of 38,491 call options.

Insider Transactions at Grab

In related news, CAO John Pierantoni sold 14,819 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $3.61, for a total value of $53,496.59. Following the sale, the chief accounting officer directly owned 569,376 shares in the company, valued at $2,055,447.36. This trade represents a 2.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philipp Wolfgang Josef Kandal sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $4.00, for a total value of $80,000.00. Following the completion of the sale, the insider owned 4,125,430 shares in the company, valued at approximately $16,501,720. This represents a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 552,819 shares of company stock worth $2,056,657 over the last quarter. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Grab

Large investors have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Grab during the 4th quarter worth $25,000. Montag A & Associates Inc. bought a new stake in shares of Grab during the 1st quarter worth $27,000. Parallel Advisors LLC boosted its stake in shares of Grab by 305.5% during the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after acquiring an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Grab during the 4th quarter worth $35,000. 55.52% of the stock is owned by institutional investors.

Grab Price Performance

NASDAQ GRAB traded down $0.05 on Monday, reaching $3.62. 68,597,886 shares of the stock traded hands, compared to its average volume of 51,033,102. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 120.71, a P/E/G ratio of 0.90 and a beta of 0.93. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $3.87 and its 200 day simple moving average is $4.65. Grab has a 12 month low of $3.48 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last released its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The business had revenue of $906.00 million during the quarter, compared to analyst estimates of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. As a group, research analysts predict that Grab will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wall Street Zen raised Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. decreased their price target on Grab from $6.10 to $5.90 and set an “overweight” rating for the company in a research note on Monday, April 20th. Benchmark reaffirmed a “buy” rating on shares of Grab in a research note on Thursday, February 12th. Weiss Ratings lowered Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, April 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $5.80 price target on shares of Grab in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.56.

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.