Grab (NASDAQ:GRAB) Insider Philipp Wolfgang Josef Kandal Sells 30,000 Shares

Key Points

• Grab insider Philipp Wolfgang Josef Kandal sold 30,000 shares at an average price of $3.64, totaling $109,200. The sale was made under a pre-arranged Rule 10b5-1 plan, leaving him with 3,988,735 shares.
• Grab shares fell 3.9% to $3.44, near the lower end of their 52-week range. The company recently reported quarterly EPS of $0.06 and revenue of $997 million, slightly exceeding analyst estimates.
• Analysts maintain a generally positive view, with Grab carrying a “Moderate Buy” consensus rating and an average price target of $6.01. Institutional investors own approximately 55.5% of the company.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $3.64, for a total value of $109,200.00. Following the completion of the transaction, the insider directly owned 3,988,735 shares in the company, valued at approximately $14,518,995.40. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philipp Wolfgang Josef Kandal also recently made the following trade(s):

• On Monday, June 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The stock was sold at an average price of $3.53, for a total value of $105,900.00.

Grab Trading Down 3.9%

Shares of GRAB stock traded down $0.14 during mid-day trading on Tuesday, reaching $3.44. The stock had a trading volume of 39,693,471 shares, compared to its average volume of 49,951,316. The firm has a market capitalization of $14.10 billion, a PE ratio of 57.34, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. Grab Holdings Limited has a 52-week low of $3.18 and a 52-week high of $6.62. The stock's 50-day moving average price is $3.60 and its two-hundred day moving average price is $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 announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The business had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. Grab had a return on equity of 8.83% and a net margin of 15.97%. Equities analysts expect that Grab Holdings Limited will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GRAB has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective 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. Barclays cut their target price on shares of Grab from $7.00 to $5.00 and set an "overweight" rating for the company in a report on Thursday, July 9th. China Renaissance upgraded Grab from a "hold" rating to a "buy" rating and set a $5.00 target price for the company in a report on Wednesday, May 6th. Benchmark reiterated a "buy" rating on shares of Grab in a report on Tuesday, August 4th. Finally, Morgan Stanley reissued an "overweight" rating and set a $6.25 price target on shares of Grab in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Grab currently has an average rating of "Moderate Buy" and an average target price of $6.01.

Institutional Trading of Grab

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Grab by 6.4% in the 2nd quarter. BlackRock Inc. now owns 156,175,807 shares of the company's stock worth $588,783,000 after acquiring an additional 9,357,389 shares in the last quarter. Invesco Ltd. boosted its position in Grab by 24.9% during the third 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 in the last quarter. Marshall Wace LLP grew its stake in Grab by 49.2% in the fourth 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 last quarter. JPMorgan Chase & Co. grew its stake in Grab by 1.6% in the fourth 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 last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Grab by 58.0% in the first quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company's stock worth $200,957,000 after purchasing an additional 20,152,535 shares in the last quarter. Institutional investors own 55.52% of the company's stock.

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.

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