Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) CEO Anthony Ping Yeow Tan sold 400,000 shares of the company’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $3.91, for a total transaction of $1,564,000.00. Following the completion of the transaction, the chief executive officer 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 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.
- On Monday, May 11th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.67, for a total transaction of $1,468,000.00.
Grab Trading Down 3.6%
GRAB stock traded down $0.14 during mid-day trading on Tuesday, reaching $3.80. The company had a trading volume of 33,859,626 shares, compared to its average volume of 46,063,804. The company has a market capitalization of $15.57 billion, a PE ratio of 380.38, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. The firm has a 50 day moving average of $3.60 and a 200 day moving average of $3.98. Grab Holdings Limited has a 12 month low of $3.18 and a 12 month high of $6.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65.
Hedge Funds Weigh In On Grab
A number of large investors have recently made changes to their positions in GRAB. Integrated Wealth Concepts LLC boosted its position in shares of Grab by 201.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after purchasing an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Grab by 6.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock valued at $41,817,000 after buying an additional 529,433 shares in the last quarter. Empowered Funds LLC raised its stake in Grab by 6.2% in the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock valued at $239,000 after buying an additional 3,090 shares during the last quarter. Focus Partners Wealth acquired a new stake in Grab in the first quarter worth about $63,000. Finally, Cetera Investment Advisers boosted its holdings in Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock worth $537,000 after acquiring an additional 11,158 shares in the last quarter. 55.52% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Barclays dropped their target price on shares of Grab from $7.00 to $5.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target 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. Mizuho dropped their price objective 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, China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $6.01.
Check Out 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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