Chin Yin Ong Sells 48,000 Shares of Grab (NASDAQ:GRAB) Stock

Grab Holdings Limited (NASDAQ:GRAB) insider Chin Yin Ong sold 48,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $3.55, for a total transaction of $170,400.00. Following the completion of the transaction, the insider directly owned 3,781,306 shares of the company’s stock, valued at approximately $13,423,636.30. The trade was a 1.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Stock Performance

Grab stock opened at $3.54 on Friday. The firm’s fifty day moving average price is $3.71 and its 200-day moving average price is $4.36. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67. The stock has a market cap of $14.51 billion, a P/E ratio of 354.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. Grab Holdings Limited has a fifty-two week low of $3.39 and a fifty-two week high of $6.62.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data 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). The company had revenue of $955.00 million for the quarter, compared to analysts’ expectations of $921.71 million. Grab had a net margin of 10.67% and a return on equity of 5.79%. On average, equities research analysts expect that Grab Holdings Limited will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GRAB shares. Mizuho cut their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 5th. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, May 6th. Benchmark reissued a “buy” rating on shares of Grab in a report on Thursday, February 12th. JPMorgan Chase & Co. cut their price target on shares of Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Finally, Morgan Stanley set a $5.90 price target on shares of Grab in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s 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 Investors Weigh In On Grab

Several hedge funds have recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Grab in the fourth quarter worth approximately $25,000. Montag A & Associates Inc. bought a new position in shares of Grab in the first quarter worth approximately $27,000. Parallel Advisors LLC lifted its stake in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after buying an additional 2,543 shares in the last quarter. Finally, Advocate Investing Services LLC bought a new position in shares of Grab in the fourth quarter worth approximately $35,000. Institutional investors own 55.52% of the company’s stock.

Grab Company Profile

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.