Grab (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan Sells 400,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $3.67, for a total value of $1,468,000.00. Following the completion of the sale, the chief executive officer owned 25,193 shares of the company’s stock, valued at $92,458.31. This represents a 94.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Ping Yeow Tan also recently made the following trade(s):

• On Friday, April 10th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The stock was sold at an average price of $3.68, for a total value of $1,472,000.00.

Grab Price Performance

Shares of GRAB stock opened at $3.63 on Thursday. The stock has a 50 day moving average of $3.80 and a two-hundred day moving average of $4.55. The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a 12 month low of $3.48 and a 12 month high of $6.62. The company has a market capitalization of $14.87 billion, a P/E ratio of 363.36, a P/E/G ratio of 1.65 and a beta of 0.93.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data 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 the consensus estimate of $921.71 million. As a group, equities analysts expect that Grab Holdings Limited will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Grab

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab during the 4th quarter worth approximately $25,000. Montag A & Associates Inc. acquired a new stake in Grab during the 1st quarter valued at $27,000. Parallel Advisors LLC increased its holdings in Grab by 305.5% during the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after purchasing an additional 4,601 shares in the last quarter. Signaturefd LLC increased its holdings in Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after purchasing an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC acquired a new stake in Grab during the 4th quarter valued at $35,000. Institutional investors own 55.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research report on Monday, January 26th. Benchmark restated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. JPMorgan Chase & Co. cut their target price on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, January 16th. Finally, Mizuho cut their target price on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.19.

About Grab

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.