Grab (NASDAQ:GRAB) Stock Price Down 5.8% – Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB)’s share price traded down 5.8% on Monday . The company traded as low as $3.73 and last traded at $3.6750. Approximately 13,140,860 shares were traded during trading, a decline of 74% from the average session volume of 50,961,258 shares. The stock had previously closed at $3.90.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GRAB shares. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating and issued a $6.25 price objective on shares of Grab in a report on Tuesday, June 30th. Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Mizuho reduced their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. dropped their price target on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.23.

Grab Trading Down 3.7%

The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The stock’s 50 day moving average is $3.60 and its 200-day moving average is $4.04. The company has a market capitalization of $15.39 billion, a P/E ratio of 375.88, a P/E/G ratio of 1.54 and a beta of 0.87.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The firm had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. As a group, equities research analysts anticipate that Grab Holdings Limited will post 0.1 earnings per share for the current year.

Insider Activity at Grab

In other Grab news, insider Chin Yin Ong sold 38,000 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $3.88, for a total value of $147,440.00. Following the completion of the transaction, the insider owned 3,708,611 shares in the company, valued at approximately $14,389,410.68. This represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Alexander Charles Hungate sold 144,093 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $3.45, for a total value of $497,120.85. Following the transaction, the chief operating officer directly owned 6,254,023 shares of the company’s stock, valued at $21,576,379.35. This represents a 2.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,766,093 shares of company stock valued at $6,384,921 over the last ninety days. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GRAB. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Grab by 9.8% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,821,595 shares of the company’s stock worth $58,928,000 after purchasing an additional 1,050,619 shares in the last quarter. Altimeter Capital Management LP bought a new position in Grab during the 3rd quarter valued at approximately $1,764,000. Massachusetts Financial Services Co. MA raised its stake in Grab by 98.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,478,218 shares of the company’s stock valued at $37,316,000 after buying an additional 3,711,860 shares during the last quarter. Oaktree Capital Management LP raised its stake in Grab by 4.5% during the third quarter. Oaktree Capital Management LP now owns 12,094,495 shares of the company’s stock valued at $72,809,000 after buying an additional 525,200 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Grab by 49.2% during the fourth quarter. SG Americas Securities LLC now owns 4,640,032 shares of the company’s stock valued at $23,154,000 after buying an additional 1,531,017 shares during the last quarter. 55.52% of the stock is currently owned by institutional investors.

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.