Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) CEO Anthony Ping Yeow Tan sold 400,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $3.62, for a total transaction of $1,448,000.00. Following the completion of the sale, the chief executive officer owned 428,498 shares of the company’s stock, valued at $1,551,162.76. The trade was a 48.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anthony Ping Yeow Tan also recently made the following trade(s):
- On Friday, July 10th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.91, for a total transaction of $1,564,000.00.
- On Monday, June 15th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.51, for a total transaction of $1,404,000.00.
Grab Price Performance
Shares of NASDAQ GRAB opened at $3.62 on Friday. The firm has a market capitalization of $14.83 billion, a P/E ratio of 60.34, a P/E/G ratio of 0.97 and a beta of 0.89. The firm’s 50-day moving average price is $3.60 and its 200-day moving average price is $3.79. 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 Holdings Limited has a 1-year low of $3.18 and a 1-year high of $6.62.
Hedge Funds Weigh In On Grab
Hedge funds have recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Grab by 9.8% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,821,595 shares of the company’s stock valued at $58,928,000 after purchasing an additional 1,050,619 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Grab by 98.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,478,218 shares of the company’s stock worth $37,316,000 after buying an additional 3,711,860 shares in the last quarter. Jennison Associates LLC bought a new stake in Grab during the fourth quarter worth $18,919,000. Principal Financial Group Inc. raised its position in Grab by 28.9% in the 4th quarter. Principal Financial Group Inc. now owns 13,177,391 shares of the company’s stock valued at $65,755,000 after buying an additional 2,956,486 shares during the last quarter. Finally, DNB Asset Management AS raised its position in Grab by 52.4% in the 4th quarter. DNB Asset Management AS now owns 2,949,398 shares of the company’s stock valued at $14,717,000 after buying an additional 1,014,166 shares during the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on GRAB shares. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Monday, August 3rd. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, May 6th. Mizuho cut their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. Barclays reduced their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Finally, Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.01.
Check Out Our Latest Analysis on Grab
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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