Insider Selling: Grab (NASDAQ:GRAB) CEO Sells 400,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $3.67, for a total value of $1,468,000.00. Following the sale, the chief executive officer directly owned 25,193 shares in the company, valued at $92,458.31. The trade was a 94.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Ping Yeow Tan also recently made the following trade(s):

• On Friday, April 10th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The stock was sold at an average price of $3.68, for a total value of $1,472,000.00.

Grab Stock Performance

Shares of NASDAQ:GRAB traded down $0.01 during trading on Wednesday, hitting $3.63. 52,948,040 shares of the stock were exchanged, compared to its average volume of 56,388,756. Grab Holdings Limited has a 1-year low of $3.48 and a 1-year high of $6.62. The company has a market capitalization of $14.87 billion, a price-to-earnings ratio of 363.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. The company’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $4.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.67.

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 the consensus estimate of $0.02 by ($0.03). Grab had a return on equity of 5.79% and a net margin of 10.67%.The firm had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. Sell-side analysts expect that Grab Holdings Limited will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on GRAB shares. Sanford C. Bernstein reissued an “outperform” rating and set a $5.80 price objective on shares of Grab in a report on Monday, January 26th. Zacks Research lowered Grab from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Morgan Stanley set a $5.90 price objective on Grab in a report on Wednesday, May 6th. Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $6.19.

Hedge Funds Weigh In On Grab

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Grab by 15.0% during the third quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock worth $82,000 after buying an additional 1,768 shares during the period. Savant Capital LLC boosted its position in shares of Grab by 19.3% during the third quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock worth $73,000 after buying an additional 1,957 shares during the period. Pitcairn Co. boosted its position in shares of Grab by 11.0% during the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after buying an additional 2,080 shares during the period. Adalta Capital Management LLC boosted its position in shares of Grab by 2.2% during the third quarter. Adalta Capital Management LLC now owns 100,880 shares of the company’s stock worth $607,000 after buying an additional 2,200 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in shares of Grab by 7.7% during the second quarter. Thrivent Financial for Lutherans now owns 32,099 shares of the company’s stock worth $161,000 after buying an additional 2,300 shares during the period. 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.