Insider Selling: Grab (NASDAQ:GRAB) Insider Sells 38,000 Shares of Stock

Key Points

• Grab insider Chin Yin Ong sold 38,000 shares at an average price of $3.43, generating $130,340 in proceeds. The Rule 10b5-1 transaction reduced Ong’s holdings by 1.04%, leaving him with 3,632,611 shares.
• Grab shares recently traded at $3.25, near their 12-month low of $3.18 and below both the 50-day and 200-day moving averages. The company has a $13.32 billion market capitalization and a 54.18 price-to-earnings ratio.
• Grab exceeded quarterly expectations with adjusted earnings of $0.06 per share versus the $0.05 consensus and revenue of $997 million. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $6.01.

Grab Holdings Limited (NASDAQ:GRAB - Get Free Report) insider Chin Ong sold 38,000 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.43, for a total value of $130,340.00. Following the sale, the insider owned 3,632,611 shares in the company, valued at approximately $12,459,855.73. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chin Yin Ong also recently made the following trade(s):

• On Monday, August 3rd, Chin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.61, for a total value of $137,180.00.
• On Thursday, July 2nd, Chin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.88, for a total value of $147,440.00.

Grab Price Performance

GRAB traded down $0.17 during trading on Tuesday, hitting $3.25. The company's stock had a trading volume of 54,514,302 shares, compared to its average volume of 30,388,986. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $13.32 billion, a price-to-earnings ratio of 54.18, a price-to-earnings-growth ratio of 0.90 and a beta of 0.89. The firm's 50 day moving average price is $3.61 and its two-hundred day moving average price is $3.68. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. Grab had a return on equity of 8.83% and a net margin of 15.97%.The business had revenue of $997.00 million during the quarter, compared to analysts' expectations of $994.97 million. Sell-side analysts forecast that Grab Holdings Limited will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Grab

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

Wall Street Analysts Forecast Growth

GRAB has been the topic of a number of research reports. Morgan Stanley reiterated an "overweight" rating and set a $6.25 target price on shares of Grab in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Grab from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 2nd. Weiss Ratings downgraded Grab from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, August 17th. Barclays decreased their price objective on Grab from $7.00 to $5.00 and set an "overweight" rating on the stock in a research report on Thursday, July 9th. Finally, Benchmark restated a "buy" rating on shares of Grab in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Grab presently has a consensus rating of "Moderate Buy" and an average price target of $6.01.

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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