Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $3.54, for a total transaction of $106,200.00. Following the transaction, the insider directly owned 4,095,430 shares in the company, valued at approximately $14,497,822.20. The trade was a 0.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 Thursday, April 16th, Philipp Wolfgang Josef Kandal sold 20,000 shares of Grab stock. The shares were sold at an average price of $4.00, for a total transaction of $80,000.00.
- On Wednesday, April 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total transaction of $117,600.00.
Grab Stock Performance
Shares of GRAB stock traded down $0.04 during trading on Tuesday, reaching $3.50. The company had a trading volume of 75,365,306 shares, compared to its average volume of 52,780,056. The firm’s 50 day simple moving average is $3.75 and its two-hundred day simple moving average is $4.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. Grab Holdings Limited has a one year low of $3.46 and a one year high of $6.62. The company has a market capitalization of $14.34 billion, a PE ratio of 350.35, a PEG ratio of 1.61 and a beta of 0.93.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the company. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a research note on Wednesday, May 6th. JPMorgan Chase & Co. cut their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. Finally, Mizuho cut their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.19.
Get Our Latest Stock Report on Grab
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in GRAB. Allianz Asset Management GmbH increased its position in shares of Grab by 83.3% during the third quarter. Allianz Asset Management GmbH now owns 967,530 shares of the company’s stock valued at $5,825,000 after purchasing an additional 439,748 shares during the period. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Grab by 9.8% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,821,595 shares of the company’s stock valued at $58,928,000 after buying an additional 1,050,619 shares in the last quarter. Mediolanum International Funds Ltd boosted its stake in Grab by 131.5% in the 3rd quarter. Mediolanum International Funds Ltd now owns 1,697,761 shares of the company’s stock valued at $10,373,000 after buying an additional 964,475 shares in the last quarter. Altimeter Capital Management LP acquired a new stake in Grab in the 3rd quarter valued at $1,764,000. Finally, Principal Financial Group Inc. boosted its stake in Grab by 68.3% in the 3rd quarter. Principal Financial Group Inc. now owns 10,220,905 shares of the company’s stock valued at $61,530,000 after buying an additional 4,149,040 shares in the last quarter. 55.52% of the stock is owned by 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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