Grab (NASDAQ:GRAB) Insider Chin Yin Ong Sells 38,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Chin Yin Ong sold 38,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $3.43, for a total transaction of $130,340.00. Following the sale, the insider directly owned 3,743,306 shares of the company’s stock, valued at approximately $12,839,539.58. This represents a 1.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Chin Yin Ong also recently made the following trade(s):

• On Tuesday, May 26th, Chin Yin Ong sold 48,000 shares of Grab stock. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00.
• On Monday, May 4th, Chin Yin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.59, for a total transaction of $136,420.00.
• On Thursday, April 2nd, Chin Yin Ong sold 38,000 shares of Grab stock. The shares were sold at an average price of $3.62, for a total transaction of $137,560.00.

Grab Price Performance

Shares of NASDAQ:GRAB opened at $3.34 on Friday. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. Grab Holdings Limited has a fifty-two week low of $3.33 and a fifty-two week high of $6.62. The firm has a 50-day simple moving average of $3.69 and a 200 day simple moving average of $4.28. The company has a market cap of $13.69 billion, a PE ratio of 334.33, a P/E/G ratio of 1.57 and a beta of 0.89.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The business had revenue of $955.00 million for the quarter, compared to the consensus estimate of $921.71 million. On average, sell-side analysts anticipate that Grab Holdings Limited will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on GRAB shares. Zacks Research upgraded shares of Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Benchmark restated a “buy” rating on shares of Grab in a research report on Thursday, February 12th. China Renaissance upgraded shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Mizuho decreased their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.19.

Institutional Trading of Grab

Institutional investors have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Grab in the 4th quarter worth approximately $25,000. Parallel Advisors LLC lifted its stake in shares of Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after acquiring an additional 4,601 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Grab in the 3rd quarter worth approximately $38,000. Signaturefd LLC lifted its stake in shares of Grab by 64.6% in the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after acquiring an additional 2,543 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of Grab by 162,500.0% in the 3rd quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock worth $39,000 after acquiring an additional 6,500 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

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.