Grab (NASDAQ:GRAB) Stock Price Down 6.9% - Time to Sell?

Key Points

• Grab shares fell 6.9% on Friday to $3.556, with 25.7 million shares traded—about 48% below the average session volume of 49.8 million.
• Analysts are mixed but tilted positive: MarketBeat shows a consensus of "Moderate Buy" with an average price target of $6.56 (one Strong Buy, five Buy, one Sell).
• Insiders have been net sellers (552,819 shares sold in the last 90 days, ~$2.06M), while Grab has a $14.9B market cap, a high PE of 121.2, and recently posted an EPS beat but revenue slightly below estimates.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) shares traded down 6.9% on Friday . The stock traded as low as $3.59 and last traded at $3.5560. 25,702,325 shares changed hands during trading, a decline of 48% from the average session volume of 49,815,281 shares. The stock had previously closed at $3.82.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $5.80 target price on shares of Grab in a research note on Monday, January 26th. Weiss Ratings downgraded shares of Grab from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Grab from a "sell" rating to a "hold" rating in a research note on Friday, January 23rd. Benchmark reaffirmed a "buy" rating on shares of Grab in a research note on Thursday, February 12th. Finally, HSBC raised shares of Grab from a "hold" rating to a "buy" rating and set a $6.20 target price on the stock in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Grab currently has an average rating of "Moderate Buy" and an average price target of $6.56.

Grab Stock Performance

The stock's 50-day simple moving average is $3.87 and its 200 day simple moving average is $4.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The company has a market capitalization of $14.92 billion, a PE ratio of 121.21, a P/E/G ratio of 0.94 and a beta of 0.99.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. Grab had a net margin of 7.92% and a return on equity of 4.09%. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. As a group, research analysts expect that Grab Holdings Limited will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Grab news, insider Philipp Wolfgang Josef Kandal sold 20,000 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $4.00, for a total value of $80,000.00. Following the sale, the insider directly owned 4,125,430 shares of the company's stock, valued at approximately $16,501,720. This represents a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO John Pierantoni sold 14,819 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $3.61, for a total transaction of $53,496.59. Following the completion of the sale, the chief accounting officer directly owned 569,376 shares in the company, valued at approximately $2,055,447.36. This represents a 2.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 552,819 shares of company stock worth $2,056,657. Corporate insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Grab in the 4th quarter valued at $25,000. Montag A & Associates Inc. purchased a new position in shares of Grab in the 1st quarter valued at $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. Signaturefd LLC grew its position in shares of Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company's stock valued at $32,000 after buying an additional 2,543 shares during the last quarter. Finally, Advocate Investing Services LLC purchased a new position in shares of Grab in the 4th quarter valued at $35,000. 55.52% of the stock is owned by hedge funds and other 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.

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