Insider Selling: Grab (NASDAQ:GRAB) CFO Sells $177,000.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $3.54, for a total transaction of $177,000.00. Following the transaction, the chief financial officer owned 7,000,165 shares in the company, valued at $24,780,584.10. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, April 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $3.92, for a total transaction of $196,000.00.

Grab Stock Performance

Shares of Grab stock opened at $3.56 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. Grab Holdings Limited has a 1 year low of $3.39 and a 1 year high of $6.62. The firm’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $4.44. The firm has a market cap of $14.59 billion, a PE ratio of 356.36, a price-to-earnings-growth ratio of 1.59 and a beta of 0.93.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on GRAB shares. Benchmark reissued a “buy” rating on shares of Grab in a research report on Thursday, February 12th. Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $5.80 target price on shares of Grab in a research note on Monday, January 26th. JPMorgan Chase & Co. dropped their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Finally, Mizuho reduced their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in Grab by 15.0% in the third quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock valued at $82,000 after buying an additional 1,768 shares during the last quarter. Savant Capital LLC grew its position in shares of Grab by 19.3% during the third quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after acquiring an additional 1,957 shares during the last quarter. Pitcairn Co. increased its holdings in shares of Grab by 11.0% in the 2nd quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after acquiring an additional 2,080 shares during the period. Adalta Capital Management LLC increased its holdings 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 worth $607,000 after acquiring an additional 2,200 shares during the period. Finally, Thrivent Financial for Lutherans lifted its position in Grab by 7.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock valued at $161,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.