Grab (NASDAQ:GRAB) CFO Sells $180,000.00 in Stock

Key Points

• Grab CFO Peter Henry Oey sold 50,000 shares at an average price of $3.60, generating $180,000. The transaction was made under a pre-arranged Rule 10b5-1 trading plan, leaving him with 6.85 million shares.
• Grab shares traded at $3.54, near the lower end of their 52-week range of $3.18 to $6.62. The company recently reported quarterly EPS of $0.06 and revenue of $997 million, both slightly ahead of analyst expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $6.01, although some firms recently lowered their targets. Institutional investors own approximately 55.5% of Grab’s stock.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $3.60, for a total value of $180,000.00. Following the completion of the sale, the chief financial officer directly owned 6,853,470 shares in the company, valued at $24,672,492. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.53, for a total value of $176,500.00.

Grab Price Performance

GRAB traded up $0.09 on Wednesday, hitting $3.54. 29,788,771 shares of the company's stock were exchanged, compared to its average volume of 49,824,949. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62. The stock has a market cap of $14.51 billion, a price-to-earnings ratio of 59.01, a P/E/G ratio of 0.95 and a beta of 0.89. The firm has a 50-day moving average price of $3.61 and a 200-day moving average price of $3.77. 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 (NASDAQ:GRAB - Get Free Report) last posted 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. Grab had a net margin of 15.97% and a return on equity of 8.83%. The firm had revenue of $997.00 million for the quarter, compared to the consensus estimate of $994.97 million. As a group, equities analysts anticipate that Grab Holdings Limited will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GRAB shares. Zacks Research raised shares of Grab from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 2nd. Benchmark reiterated a "buy" rating on shares of Grab in a report on Tuesday, August 4th. Barclays cut their target price on Grab from $7.00 to $5.00 and set an "overweight" rating for the company in a research note on Thursday, July 9th. Mizuho reduced their target price on Grab from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 5th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $6.25 price target on shares of Grab in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.01.

Institutional Trading of Grab

Hedge funds have recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in Grab in the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. purchased a new stake in shares of Grab during the 1st quarter worth approximately $27,000. Parallel Advisors LLC grew its position in shares of Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company's stock valued at $30,000 after buying an additional 4,601 shares during the last quarter. Advocate Investing Services LLC acquired a new position in Grab in the fourth quarter valued at $35,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Grab by 128.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company's stock valued at $38,000 after purchasing an additional 4,225 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company's stock.

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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