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

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

GRAB opened at $3.51 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The company has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $3.75. The stock has a market cap of $14.38 billion, a P/E ratio of 58.51, a P/E/G ratio of 0.93 and a beta of 0.89.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Mizuho cut their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. lowered their target price on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note 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. Barclays reduced their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Finally, Morgan Stanley reissued an “overweight” rating and set a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.01.

Institutional Trading of Grab

A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Grab in the 4th quarter valued at approximately $161,484,000. PointState Capital LP boosted its position in Grab by 411.1% during the 4th quarter. PointState Capital LP now owns 32,555,483 shares of the company’s stock worth $162,452,000 after acquiring an additional 26,186,329 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Grab by 49.2% during the 4th quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock worth $361,542,000 after acquiring an additional 23,891,108 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Grab by 58.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock worth $200,957,000 after acquiring an additional 20,152,535 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Grab by 24.9% in the third quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock valued at $480,383,000 after purchasing an additional 15,916,063 shares during the last quarter. 55.52% of the stock is currently 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.