Grab (NASDAQ:GRAB) CFO Sells $177,000.00 in Stock

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $3.54, for a total transaction of $177,000.00. Following the completion of the sale, the chief financial officer owned 7,000,165 shares of the company’s stock, valued at approximately $24,780,584.10. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Henry Oey also recently made the following trade(s):

• On Wednesday, April 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total transaction of $196,000.00.

Grab Price Performance

NASDAQ:GRAB traded down $0.04 during mid-day trading on Tuesday, reaching $3.50. The stock had a trading volume of 75,365,306 shares, compared to its average volume of 52,780,056. The stock has a 50-day simple moving average of $3.75 and a two-hundred day simple moving average of $4.48. The stock has a market capitalization of $14.34 billion, a PE ratio of 350.35, a P/E/G ratio of 1.61 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. Grab Holdings Limited has a 12 month low of $3.46 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share (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%. On average, equities analysts anticipate that Grab Holdings Limited will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Grab

Several large investors have recently modified their holdings of GRAB. Invesco Ltd. boosted its holdings in Grab by 24.9% in the 3rd 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 period. Marshall Wace LLP boosted its holdings in Grab by 49.2% in the 4th quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock valued at $361,542,000 after purchasing an additional 23,891,108 shares during the period. JPMorgan Chase & Co. boosted its holdings in Grab by 1.6% in the 4th quarter. JPMorgan Chase & Co. now owns 56,669,014 shares of the company’s stock valued at $282,778,000 after purchasing an additional 878,966 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Grab by 58.0% in the 1st 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 during the period. Finally, State Street Corp boosted its holdings in Grab by 5.7% in the 4th quarter. State Street Corp now owns 45,938,139 shares of the company’s stock valued at $229,231,000 after purchasing an additional 2,466,572 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on GRAB. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, May 6th. Morgan Stanley set a $5.90 price target on shares of Grab in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. dropped their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research cut shares of Grab from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.