Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 39,023 call options on the company. This represents an increase of approximately 38% compared to the average volume of 28,379 call options.
Insider Buying and Selling at Grab
In related news, CEO Ping Tan sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $3.91, for a total value of $1,564,000.00. Following the completion of the sale, the chief executive officer directly owned 28,498 shares in the company, valued at approximately $111,427.18. The trade was a 93.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $3.60, for a total value of $180,000.00. Following the sale, the chief financial officer directly owned 6,853,470 shares in the company, valued at $24,672,492. This represents a 0.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,763,442 shares of company stock worth $6,405,495. 3.60% of the stock is currently owned by company insiders.
Institutional Trading of Grab
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab in the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. purchased a new stake in Grab in the 1st quarter worth approximately $27,000. Parallel Advisors LLC boosted its holdings in 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 purchasing an additional 4,601 shares during the period. Advocate Investing Services LLC bought a new position in Grab in the 4th quarter valued at $35,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Grab by 128.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock valued at $38,000 after purchasing an additional 4,225 shares in the last quarter. 55.52% of the stock is owned by institutional investors.
Grab Stock Down 5.1%
Grab (NASDAQ:GRAB – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Grab had a net margin of 15.97% and a return on equity of 8.83%. The company had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. On average, analysts expect that Grab will post 0.13 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GRAB has been the subject of several analyst reports. Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Benchmark reissued a “buy” rating on shares of Grab in a report on Tuesday, August 4th. Barclays decreased their price target on Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Weiss Ratings downgraded Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, August 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $6.25 price objective on shares of Grab in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.01.
Get Our Latest Stock Analysis on GRAB
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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