Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $3.53, for a total value of $176,500.00. Following the transaction, the chief financial officer owned 6,950,165 shares in the company, valued at $24,534,082.45. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a 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.
Peter Henry Oey also recently made the following trade(s):
- On Friday, May 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.54, for a total value of $177,000.00.
- 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 value of $196,000.00.
Grab Stock Performance
Shares of GRAB stock opened at $3.57 on Friday. 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 company has a market capitalization of $14.63 billion, a P/E ratio of 357.36, a price-to-earnings-growth ratio of 1.57 and a beta of 0.89. The company’s 50 day moving average price is $3.65 and its two-hundred day moving average price is $4.16. Grab Holdings Limited has a 52 week low of $3.18 and a 52 week high of $6.62.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Grab during the 4th quarter worth about $161,484,000. PointState Capital LP increased its position in shares of Grab by 411.1% in the fourth quarter. PointState Capital LP now owns 32,555,483 shares of the company’s stock valued at $162,452,000 after acquiring an additional 26,186,329 shares during the last quarter. Marshall Wace LLP increased its position in shares of Grab by 49.2% in the fourth quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock valued at $361,542,000 after acquiring an additional 23,891,108 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Grab by 173.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 34,753,836 shares of the company’s stock worth $173,422,000 after acquiring an additional 22,038,961 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in Grab by 112.6% during the third quarter. Citigroup Inc. now owns 32,398,782 shares of the company’s stock worth $195,041,000 after acquiring an additional 17,160,661 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on GRAB shares. Morgan Stanley set a $5.90 target price on shares of Grab in a research note on Wednesday, May 6th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price objective on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a report on Wednesday, May 6th. Finally, Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.19.
Get Our Latest 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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