Insider Selling: Grab (NASDAQ:GRAB) Insider Sells 38,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) insider Chin Ong sold 38,000 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $3.21, for a total value of $121,980.00. Following the completion of the transaction, the insider owned 3,556,611 shares of the company’s stock, valued at $11,416,721.31. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chin Yin Ong also recently made the following trade(s):

  • On Monday, October 5th, Chin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.09, for a total value of $117,420.00.
  • On Thursday, September 3rd, Chin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.43, for a total value of $130,340.00.

Grab Trading Up 3.6%

Shares of Grab stock traded up $0.12 on Thursday, hitting $3.48. The stock had a trading volume of 147,425,235 shares, compared to its average volume of 63,014,872. The stock has a 50 day moving average of $3.07 and a 200 day moving average of $3.61. Grab Holdings Limited has a twelve month low of $2.67 and a twelve month high of $6.24. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.38. The firm has a market capitalization of $14.26 billion, a P/E ratio of 69.61, a PEG ratio of 0.71 and a beta of 0.83.

Grab (NASDAQ:GRAB – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. Grab had a net margin of 14.76% and a return on equity of 8.45%. The business had revenue of $997.00 million for the quarter, compared to the consensus estimate of $994.97 million. Sell-side analysts expect that Grab Holdings Limited will post 0.13 earnings per share for the current fiscal year.

Trending Headlines about Grab

Here are the key news stories impacting Grab this week:

Institutional Trading of Grab

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Grab by 6.4% during the 2nd quarter. BlackRock Inc. now owns 156,175,807 shares of the company’s stock worth $588,783,000 after purchasing an additional 9,357,389 shares during the last quarter. Coronation Fund Managers Ltd. lifted its position in shares of Grab by 74.5% in the 1st quarter. Coronation Fund Managers Ltd. now owns 32,601,355 shares of the company’s stock worth $119,321,000 after purchasing an additional 13,919,053 shares during the period. Principal Financial Group Inc. lifted its position in shares of Grab by 13.4% in the 2nd quarter. Principal Financial Group Inc. now owns 24,289,581 shares of the company’s stock worth $91,572,000 after purchasing an additional 2,867,458 shares during the period. Bank of America Corp DE boosted its stake in shares of Grab by 80.2% in the 1st quarter. Bank of America Corp DE now owns 23,993,894 shares of the company’s stock valued at $87,818,000 after purchasing an additional 10,681,810 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Grab by 16.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 17,687,253 shares of the company’s stock valued at $68,200,000 after purchasing an additional 2,486,750 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. KeyCorp set a $7.00 price target on shares of Grab in a research note on Wednesday, September 16th. Bank of America reissued a “buy” rating on shares of Grab in a research note on Friday, September 25th. JPMorgan Chase & Co. increased their price objective on Grab from $4.80 to $5.10 and gave the company an “overweight” rating in a report on Tuesday. Barclays lowered their target price on Grab from $5.00 to $4.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Finally, Benchmark reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $5.67.

Read Our Latest Stock Report on Grab

About Grab

(Get Free Report)

Grab Holdings Inc (NASDAQ:GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. The company began as a ride-hailing service in Malaysia in 2012 and is headquartered in Singapore.

Grab’s platform provides mobility services, including ride-hailing, taxi bookings and other transportation options. It also offers food, grocery and package deliveries, connecting users with restaurants, retailers and delivery partners through its digital marketplace.

In addition, Grab provides digital financial services in selected markets, including payments, consumer and merchant lending, digital banking and insurance-related products.

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Insider Buying and Selling by Quarter for Grab (NASDAQ:GRAB)

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