Grab (NASDAQ:GRAB) Reaches New 1-Year Low – Should You Sell?

Grab Holdings Limited (NASDAQ:GRAB)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $3.39 and last traded at $3.51, with a volume of 40194519 shares. The stock had previously closed at $3.50.

Analyst Upgrades and Downgrades

Several research firms have commented on GRAB. China Renaissance raised shares of Grab from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Wednesday, May 6th. Mizuho dropped their target price on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. Morgan Stanley set a $5.90 target price on shares of Grab in a research report on Wednesday, May 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $5.80 target price on shares of Grab in a research report on Monday, January 26th. Finally, Weiss Ratings raised shares of Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $6.19.

Grab Price Performance

The company has a current ratio of 1.67, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The company has a market cap of $14.38 billion, a P/E ratio of 351.35, a PEG ratio of 1.59 and a beta of 0.93. The business’s fifty day moving average is $3.75 and its 200 day moving average is $4.46.

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

Insiders Place Their Bets

In related news, CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $3.67, for a total value of $1,468,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,193 shares in the company, valued at approximately $92,458.31. The trade was a 94.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO John Pierantoni sold 14,819 shares of Grab stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $3.61, for a total transaction of $53,496.59. Following the completion of the transaction, the chief accounting officer owned 569,376 shares of the company’s stock, valued at $2,055,447.36. This represents a 2.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,070,819 shares of company stock worth $3,944,277 in the last three months. Insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GRAB. Integrated Wealth Concepts LLC grew its stake in Grab by 201.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after buying an additional 23,639 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Grab by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock worth $41,817,000 after acquiring an additional 529,433 shares in the last quarter. Empowered Funds LLC grew its position in Grab by 6.2% in the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock worth $239,000 after acquiring an additional 3,090 shares in the last quarter. Focus Partners Wealth purchased a new position in Grab in the first quarter worth $63,000. Finally, Cetera Investment Advisers grew its position in Grab by 11.7% in the second quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock worth $537,000 after acquiring an additional 11,158 shares in the last quarter. 55.52% of the stock is currently owned by hedge funds and other institutional investors.

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.