Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) insider Chin Ong sold 38,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $3.43, for a total value of $130,340.00. Following the sale, the insider directly owned 3,632,611 shares of the company’s stock, valued at approximately $12,459,855.73. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chin Yin Ong also recently made the following trade(s):
- On Monday, August 3rd, Chin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.61, for a total value of $137,180.00.
- On Thursday, July 2nd, Chin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.88, for a total transaction of $147,440.00.
Grab Price Performance
GRAB opened at $3.25 on Wednesday. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62. The firm has a 50-day moving average of $3.61 and a 200 day moving average of $3.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.51 and a current ratio of 1.52. The firm has a market cap of $13.32 billion, a P/E ratio of 54.18, a PEG ratio of 0.90 and a beta of 0.89.
Wall Street Analysts Forecast Growth
GRAB has been the subject of a number of recent analyst reports. Barclays reduced their price target on shares of Grab from $7.00 to $5.00 and set an “overweight” rating for the company in a research report on Thursday, July 9th. Morgan Stanley restated an “overweight” rating and issued a $6.25 target price on shares of Grab in a research note on Tuesday, June 30th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings lowered Grab from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, August 17th. Finally, Benchmark restated a “buy” rating on shares of Grab in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.01.
Get Our Latest Stock Report on Grab
Institutional Investors Weigh In On Grab
A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Grab in the 4th quarter worth about $161,484,000. PointState Capital LP lifted its position in Grab by 411.1% in the 4th quarter. PointState Capital LP now owns 32,555,483 shares of the company’s stock worth $162,452,000 after buying an additional 26,186,329 shares during the last quarter. Marshall Wace LLP boosted its stake in Grab by 49.2% in the fourth quarter. Marshall Wace LLP now owns 72,453,397 shares of the company’s stock worth $361,542,000 after buying an additional 23,891,108 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Grab by 58.0% during the first quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock valued at $200,957,000 after acquiring an additional 20,152,535 shares during the last quarter. Finally, Invesco Ltd. grew its position in Grab by 24.9% during the third quarter. Invesco Ltd. now owns 79,797,848 shares of the company’s stock valued at $480,383,000 after acquiring an additional 15,916,063 shares during the last quarter. 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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