Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $3.53, for a total transaction of $105,900.00. Following the sale, the insider owned 4,065,430 shares of the company’s stock, valued at approximately $14,350,967.90. The trade was a 0.73% decrease in their ownership of the stock. The sale 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.
Philipp Wolfgang Josef Kandal also recently made the following trade(s):
- On Friday, May 15th, Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock. The shares were sold at an average price of $3.54, for a total transaction of $106,200.00.
- 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 Price Performance
Grab stock traded down $0.04 during mid-day trading on Wednesday, hitting $3.45. 46,031,429 shares of the company traded hands, compared to its average volume of 47,304,440. Grab Holdings Limited has a one year low of $3.18 and a one year high of $6.62. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 345.35, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. The stock has a fifty day moving average price of $3.65 and a 200-day moving average price of $4.17.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Grab during the fourth quarter worth approximately $25,000. Parallel Advisors LLC raised its stake in shares of Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Grab during the third quarter worth approximately $38,000. Signaturefd LLC raised its stake in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after acquiring an additional 2,543 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Grab by 162,500.0% in the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after buying an additional 6,500 shares during the period. 55.52% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on GRAB shares. JPMorgan Chase & Co. dropped their target price on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Wednesday, May 6th. Mizuho decreased their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, Zacks Research raised shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.19.
Get 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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