Grab (NASDAQ:GRAB) Insider Sells $121,980.00 in Stock

by · The Markets Daily

Grab Holdings Limited (NASDAQ:GRAB – Get Free Report) insider Chin Ong sold 38,000 shares of the firm’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $3.21, for a total value of $121,980.00. Following the completion of the transaction, the insider owned 3,556,611 shares in the company, valued at $11,416,721.31. The trade was a 1.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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, October 5th, Chin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.09, for a total transaction of $117,420.00.
  • On Thursday, September 3rd, Chin Ong sold 38,000 shares of Grab stock. The stock was sold at an average price of $3.43, for a total transaction of $130,340.00.

Grab Price Performance

Grab stock traded up $0.12 during trading hours on Thursday, reaching $3.48. 147,425,235 shares of the stock were exchanged, compared to its average volume of 63,014,872. The company has a market cap of $14.26 billion, a P/E ratio of 69.61, a price-to-earnings-growth ratio of 0.71 and a beta of 0.83. The company has a current ratio of 1.38, a quick ratio of 1.51 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a twelve month low of $2.67 and a twelve month high of $6.24. The stock has a 50 day moving average of $3.07 and a two-hundred day moving average of $3.61.

Grab (NASDAQ:GRAB – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $997.00 million for the quarter, compared to analyst estimates of $994.97 million. Grab had a net margin of 14.76% and a return on equity of 8.45%. Equities analysts expect that Grab Holdings Limited will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GRAB. Alpha Wealth Funds LLC acquired a new stake in shares of Grab in the 3rd quarter valued at approximately $312,000. Allspring Global Investments Holdings LLC lifted its stake in Grab by 4.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,785,201 shares of the company’s stock valued at $52,370,000 after purchasing an additional 766,176 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new position in Grab in the 3rd quarter valued at approximately $90,000. CenterBook Partners LP bought a new position in Grab in the 3rd quarter valued at approximately $225,000. Finally, Rakuten Investment Management Inc. acquired a new stake in Grab in the third quarter valued at approximately $490,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Key Stories Impacting Grab

Here are the key news stories impacting Grab this week:

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barclays reduced their price target on shares of Grab from $5.00 to $4.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. KeyCorp set a $7.00 price objective on shares of Grab in a research report on Wednesday, September 16th. JPMorgan Chase & Co. upped their target price on Grab from $4.80 to $5.10 and gave the stock an “overweight” rating in a research note on Tuesday. Bank of America reaffirmed a “buy” rating on shares of Grab in a report on Friday, September 25th. Finally, Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $5.67.

Get Our Latest Stock Report on Grab

About Grab

(Get Free Report)

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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