Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $2.98, for a total value of $149,000.00. Following the sale, the chief financial officer owned 6,753,470 shares in the company, valued at approximately $20,125,340.60. The trade was a 0.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Tuesday, September 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The stock was sold at an average price of $2.90, for a total transaction of $145,000.00.
- 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 Trading Down 2.4%
Shares of GRAB stock traded down $0.07 during trading hours on Monday, reaching $2.87. 39,232,547 shares of the stock traded hands, compared to its average volume of 77,569,304. The company has a quick ratio of 1.51, a current ratio of 1.52 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $11.76 billion, a PE ratio of 47.84, a PEG ratio of 0.52 and a beta of 0.91. Grab Holdings Limited has a 1-year low of $2.74 and a 1-year high of $6.24. The business has a fifty day moving average price of $3.25 and a 200 day moving average price of $3.50.
Grab (NASDAQ:GRAB – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Grab had a net margin of 15.97% and a return on equity of 8.83%. The firm had revenue of $997.00 million during the quarter, compared to analyst estimates of $994.97 million. On average, equities research analysts forecast that Grab Holdings Limited will post 0.14 EPS for the current year.
Institutional Investors Weigh In On Grab
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Abel Hall LLC acquired a new stake in shares of Grab during the 3rd quarter valued at $45,000. Vanguard Capital Wealth Advisors increased its stake in shares of Grab by 56.1% in the third quarter. Vanguard Capital Wealth Advisors now owns 59,202 shares of the company’s stock worth $184,000 after acquiring an additional 21,282 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Grab by 18.5% in the third quarter. AdvisorNet Financial Inc now owns 120,849 shares of the company’s stock worth $352,000 after acquiring an additional 18,865 shares during the last quarter. HBW Advisory Services LLC acquired a new position in shares of Grab in the third quarter worth $50,000. Finally, Fermata Advisors LLC purchased a new stake in shares of Grab during the third quarter worth $31,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on GRAB shares. KeyCorp set a $7.00 target price on Grab in a research report on Wednesday, September 16th. Morgan Stanley reissued an “overweight” rating and set a $6.25 price target on shares of Grab in a research report on Tuesday, June 30th. Barclays set a $4.00 price objective on Grab in a research note on Monday. Bank of America reaffirmed a “buy” rating on shares of Grab in a research note on Friday, September 25th. Finally, Zacks Research raised Grab from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $6.01.
Get Our Latest Analysis on Grab
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. The company began as a ride-hailing service in Malaysia in 2012 and is headquartered in Singapore.
Grab’s platform provides mobility services, including ride-hailing, taxi bookings and other transportation options. It also offers food, grocery and package deliveries, connecting users with restaurants, retailers and delivery partners through its digital marketplace.
In addition, Grab provides digital financial services in selected markets, including payments, consumer and merchant lending, digital banking and insurance-related products.
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