Grab (NASDAQ:GRAB) CEO Sells $1,472,000.00 in Stock

Key Points

• Grab CEO Anthony Tan sold 400,000 shares at an average price of $3.68 on April 10 for proceeds of $1,472,000, executing the trade under a pre-arranged Rule 10b5-1 plan and reducing his position by about 48.5% to 425,193 shares.
• Grab's shares traded near $3.73 with a market cap of $15.28 billion and a high P/E of 124.37; Wall Street's consensus rating is "Buy" with an average target price of $6.47.
• In the most recent quarter Grab reported EPS of $0.04, beating the $0.01 estimate, while revenue of $906 million slightly missed the $942 million consensus.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CEO Anthony Ping Yeow Tan sold 400,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3.68, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief executive officer directly owned 425,193 shares of the company's stock, valued at $1,564,710.24. The trade was a 48.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Grab Stock Up 1.4%

Shares of GRAB traded up $0.05 during trading on Monday, reaching $3.73. The company's stock had a trading volume of 64,144,003 shares, compared to its average volume of 47,714,616. The company has a fifty day moving average of $3.95 and a two-hundred day moving average of $4.84. Grab Holdings Limited has a twelve month low of $3.48 and a twelve month high of $6.62. The company has a market cap of $15.28 billion, a price-to-earnings ratio of 124.37, a P/E/G ratio of 0.88 and a beta of 0.99. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB - Get Free Report) last released its earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. Grab had a return on equity of 4.09% and a net margin of 7.92%.The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. On average, sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GRAB has been the subject of a number of research reports. Wall Street Zen upgraded shares of Grab from a "sell" rating to a "hold" rating in a research report on Friday, January 23rd. Sanford C. Bernstein restated an "outperform" rating and issued a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Weiss Ratings restated a "hold (c-)" rating on shares of Grab in a research report on Thursday, January 22nd. Benchmark restated a "buy" rating on shares of Grab in a research report on Thursday, February 12th. Finally, HSBC upgraded shares of 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. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $6.47.

Institutional Investors Weigh In On Grab

Several hedge funds have recently modified their holdings of GRAB. Integrated Wealth Concepts LLC lifted its holdings in shares of Grab by 201.2% during the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company's stock valued at $160,000 after purchasing an additional 23,639 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Grab by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company's stock worth $41,817,000 after buying an additional 529,433 shares during the period. Empowered Funds LLC boosted its position in shares of Grab by 6.2% in the first quarter. Empowered Funds LLC now owns 52,698 shares of the company's stock worth $239,000 after buying an additional 3,090 shares during the period. Focus Partners Wealth acquired a new stake in shares of Grab in the first quarter worth $63,000. Finally, Cetera Investment Advisers boosted its position in shares of Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company's stock worth $537,000 after buying an additional 11,158 shares during the period. 55.52% of the stock is owned by hedge funds and other 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.

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