Grab (NASDAQ:GRAB) COO Acquires $865,760.19 in Stock

Grab Holdings Limited (NASDAQ:GRAB) COO Alexander Hungate purchased 299,571 shares of the stock in a transaction on Monday, September 21st. The stock was bought at an average cost of $2.89 per share, for a total transaction of $865,760.19. Following the completion of the acquisition, the chief operating officer owned 6,411,550 shares in the company, valued at approximately $18,529,379.50. This trade represents a 4.90% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alexander Charles Hungate also recently made the following trade(s):

• On Wednesday, September 2nd, Alexander Hungate sold 145,349 shares of Grab stock. The stock was sold at an average price of $3.48, for a total value of $505,814.52.
• On Tuesday, June 23rd, Alexander Hungate sold 144,093 shares of Grab stock. The stock was sold at an average price of $3.45, for a total value of $497,120.85.

Grab Price Performance

Grab stock opened at $3.20 on Thursday. The company has a market capitalization of $13.11 billion, a price-to-earnings ratio of 53.34, a PEG ratio of 0.83 and a beta of 0.89. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12 month low of $2.74 and a 12 month high of $6.60. The stock’s 50 day moving average is $3.41 and its 200-day moving average is $3.59.

Grab (NASDAQ:GRAB) last released its quarterly 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. The business had revenue of $997.00 million during the quarter, compared to analysts’ expectations of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. Equities research analysts expect that Grab Holdings Limited will post 0.13 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on GRAB shares. Weiss Ratings downgraded shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. KeyCorp set a $7.00 price objective on shares of Grab in a report on Wednesday, September 16th. Morgan Stanley restated an “overweight” rating and set a $6.25 target price on shares of Grab in a research report on Tuesday, June 30th. Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Benchmark reiterated a “buy” rating on shares of Grab in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Grab currently has a consensus rating of “Moderate Buy” and an average price target of $6.11.

Hedge Funds Weigh In On Grab

Several hedge funds and other institutional investors have recently made changes to their positions in GRAB. BlackRock Inc. boosted its position in shares of 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 acquiring an additional 9,357,389 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Grab by 58.0% during the first quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock valued at $200,957,000 after purchasing an additional 20,152,535 shares in the last quarter. WFM ASIA BVI Ltd lifted its stake in Grab by 12.5% during the fourth quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company’s stock worth $188,003,000 after purchasing an additional 4,194,477 shares during the last quarter. Norges Bank bought a new stake in Grab during the fourth quarter worth $161,484,000. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Grab by 5.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 27,977,786 shares of the company’s stock valued at $139,609,000 after purchasing an additional 1,340,082 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Grab

Here are the key news stories impacting Grab this week:

• Positive Sentiment: Grab CEO Anthony Tan purchased 10.35 million shares for approximately $29.9 million, while COO Alexander Hungate bought 299,571 shares for about $865,760. The purchases, made near $2.89 after the stock reached a multi-year low, may signal that senior executives view the selloff as an attractive entry point. Reuters article on Grab executive share purchases
• Positive Sentiment: Grab is partnering with OpenAI to provide AI training and ChatGPT subscriptions to roughly 30,000 drivers, delivery partners and merchants across Southeast Asia. The initiative could help platform participants improve productivity and develop new business ideas, while strengthening Grab’s technology-focused brand. Grab and OpenAI launch AI skills program
• Positive Sentiment: Wall Street’s overall view remains favorable: Grab has a “Moderate Buy” consensus rating, with a reported average price target of $6.11 versus recent trading near the low-$3 range. Analysts also point to the company’s recent earnings beat, including revenue of $997 million and EPS of $0.06. Zacks report on Wall Street views
• Neutral Sentiment: Grab is attracting substantial investor attention, but the increased interest appears driven partly by its sharp decline and insider buying rather than a new earnings release. Investors should distinguish improving sentiment from confirmed changes in operating performance. Zacks report on Grab trending interest
• Negative Sentiment: GRAB recently fell to a more than three-year low after announcing its acquisition of buy-now-pay-later provider Atome. Investors appear concerned about execution, integration and the financial risks of expanding into consumer finance. Technical analysts also say the stock has lost key support, leaving the possibility of further downside. Reuters article on the Atome deal and stock decline

Grab Company Profile

Grab Holdings Inc (NASDAQ: GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.

The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab’s consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.

Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.