Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction on Friday, May 15th. The stock was sold at an average price of $3.54, for a total transaction of $177,000.00. Following the sale, the chief financial officer directly owned 7,000,165 shares of the company’s stock, valued at $24,780,584.10. This represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peter Henry Oey also recently made the following trade(s):
- On Wednesday, April 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $3.92, for a total transaction of $196,000.00.
Grab Price Performance
Shares of NASDAQ GRAB traded down $0.04 during mid-day trading on Tuesday, reaching $3.50. 75,365,306 shares of the company were exchanged, compared to its average volume of 52,780,056. Grab Holdings Limited has a 52 week low of $3.46 and a 52 week high of $6.62. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock 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. The company’s 50 day moving average price is $3.75 and its 200 day moving average price is $4.48.
Wall Street Analysts Forecast Growth
GRAB has been the topic of a number of analyst reports. Sanford C. Bernstein reiterated an “outperform” rating and issued a $5.80 target price on shares of Grab in a research report on Monday, January 26th. China Renaissance upgraded shares of 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 decreased their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Zacks Research cut shares of Grab from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Benchmark reiterated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Grab presently has a consensus rating of “Moderate Buy” and an average target price of $6.19.
Check Out Our Latest Stock Analysis on GRAB
Hedge Funds Weigh In On Grab
A number of hedge funds have recently modified their holdings of GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Grab during the 4th quarter valued at about $25,000. Montag A & Associates Inc. bought a new stake in shares of Grab during the 1st quarter valued at about $27,000. Parallel Advisors LLC boosted its stake in shares of Grab by 305.5% during 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 in the last quarter. Signaturefd LLC boosted its stake in shares of Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after purchasing an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new stake in shares of Grab during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.
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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