Grab (NASDAQ:GRAB) CFO Peter Henry Oey Sells 50,000 Shares

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $3.53, for a total value of $176,500.00. Following the sale, the chief financial officer owned 6,950,165 shares in the company, valued at approximately $24,534,082.45. The trade was a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Henry Oey also recently made the following trade(s):

• On Friday, May 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.54, for a total value of $177,000.00.
• On Wednesday, April 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total value of $196,000.00.

Grab Stock Performance

Grab stock traded down $0.04 during trading hours on Wednesday, hitting $3.45. 46,031,429 shares of the stock traded hands, compared to its average volume of 47,304,440. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The firm’s 50 day moving average price is $3.65 and its 200-day moving average price is $4.17. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 345.35, a P/E/G ratio of 1.58 and a beta of 0.89. Grab Holdings Limited has a 1 year low of $3.18 and a 1 year high of $6.62.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.03). Grab had a net margin of 10.67% and a return on equity of 5.79%. The firm had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. As a group, equities analysts expect that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GRAB. Morgan Stanley set a $5.90 target price on Grab in a research note on Wednesday, May 6th. Mizuho lowered their target price on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Finally, China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.19.

Hedge Funds Weigh In On Grab

A number of hedge funds have recently bought and sold shares of GRAB. Integrated Wealth Concepts LLC boosted its position in Grab by 201.2% during the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock worth $160,000 after purchasing an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Grab by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after purchasing an additional 529,433 shares in the last quarter. Empowered Funds LLC boosted its position in Grab by 6.2% during the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after purchasing an additional 3,090 shares in the last quarter. Focus Partners Wealth purchased a new position in Grab during the first quarter worth approximately $63,000. Finally, Cetera Investment Advisers boosted its position in Grab by 11.7% during the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock worth $537,000 after purchasing an additional 11,158 shares in 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.