Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) CFO Peter Henry Oey sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $2.90, for a total value of $145,000.00. Following the sale, the chief financial officer directly owned 6,803,470 shares of the company’s stock, valued at $19,730,063. The trade was a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Monday, August 17th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.60, for a total transaction of $180,000.00.
Grab Price Performance
NASDAQ GRAB opened at $2.80 on Friday. Grab Holdings Limited has a 1 year low of $2.74 and a 1 year high of $6.62. The company has a fifty day simple moving average of $3.46 and a 200 day simple moving average of $3.61. The company has a current ratio of 1.52, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. The company has a market cap of $11.47 billion, a P/E ratio of 46.67, a P/E/G ratio of 0.74 and a beta of 0.89.
Analysts Set New Price Targets
Several brokerages have commented on GRAB. Morgan Stanley reaffirmed an “overweight” rating and issued a $6.25 price target on shares of Grab in a research report on Tuesday, June 30th. 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 research report on Thursday, July 9th. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. KeyCorp set a $7.00 price target on shares of Grab in a report on Wednesday. Finally, Weiss Ratings lowered shares of Grab from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Grab has an average rating of “Moderate Buy” and a consensus price target of $6.11.
Check Out Our Latest Analysis on Grab
Institutional Trading of Grab
Hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in Grab by 6.4% in the 2nd quarter. BlackRock Inc. now owns 156,175,807 shares of the company’s stock valued at $588,783,000 after buying an additional 9,357,389 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Grab by 58.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 54,906,371 shares of the company’s stock worth $200,957,000 after acquiring an additional 20,152,535 shares during the period. WFM ASIA BVI Ltd lifted its holdings in shares of Grab by 12.5% during the 4th quarter. WFM ASIA BVI Ltd now owns 37,675,992 shares of the company’s stock worth $188,003,000 after acquiring an additional 4,194,477 shares during the period. Coronation Fund Managers Ltd. boosted its position in shares of Grab by 74.5% during the 1st quarter. Coronation Fund Managers Ltd. now owns 32,601,355 shares of the company’s stock valued at $119,321,000 after acquiring an additional 13,919,053 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Grab during the 4th quarter valued at about $161,484,000. Institutional investors own 55.52% of the company’s stock.
Grab Company Profile
Grab Holdings Inc (NASDAQ: GRAB) is a technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with transportation, food and grocery delivery, parcel and on-demand logistics, digital payments and other financial services.
The company began as a ride-hailing service in Malaysia in 2012, founded by Anthony Tan and Tan Hooi Ling, and expanded into a broader digital platform. Grab’s consumer offerings include private-hire and taxi services, GrabFood, GrabMart and GrabExpress, while its financial-services products include digital payments, lending, insurance and digital banking services offered in selected markets.
Grab serves markets across Southeast Asia, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.
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