Insider Selling: Grab (NASDAQ:GRAB) Insider Sells $105,900.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $3.53, for a total value of $105,900.00. Following the completion of the transaction, the insider owned 4,065,430 shares of the company’s stock, valued at $14,350,967.90. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

• On Friday, May 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.54, for a total value of $106,200.00.
• On Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The shares were sold at an average price of $4.00, for a total transaction of $80,000.00.
• On Wednesday, April 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total value of $117,600.00.

Grab Stock Performance

Shares of GRAB opened at $3.57 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a market cap of $14.63 billion, a price-to-earnings ratio of 357.36, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The company’s fifty day moving average is $3.65 and its 200-day moving average is $4.15.

Grab (NASDAQ:GRAB) last released 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). The firm had revenue of $955.00 million during the quarter, compared to the consensus estimate of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. Equities analysts expect that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on GRAB. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Morgan Stanley set a $5.90 price objective on Grab in a research note on Wednesday, May 6th. Mizuho dropped their target price on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. decreased their price target on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.19.

Hedge Funds Weigh In On Grab

A number of hedge funds and other institutional investors have recently bought and sold shares of GRAB. EverSource Wealth Advisors LLC lifted its stake in shares of Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock valued at $82,000 after purchasing an additional 1,768 shares during the period. Savant Capital LLC lifted its holdings in shares of Grab by 19.3% in the 3rd quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after purchasing an additional 1,957 shares in the last quarter. Pitcairn Co. lifted its stake in shares of Grab by 11.0% in the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock valued at $105,000 after buying an additional 2,080 shares in the last quarter. Adalta Capital Management LLC lifted its position in 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 acquiring an additional 2,200 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted 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 valued at $161,000 after buying an additional 2,300 shares during the last quarter. 55.52% of the stock is 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.