Grab (NASDAQ:GRAB) Reaches New 12-Month Low – Here’s What Happened

Grab Holdings Limited (NASDAQ:GRAB) shares reached a new 52-week low during trading on Friday . The company traded as low as $3.36 and last traded at $3.3750, with a volume of 12181979 shares changing hands. The stock had previously closed at $3.46.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Morgan Stanley set a $5.90 target price on Grab in a research report on Wednesday, May 6th. Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Mizuho cut their price target on Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.19.

Grab Trading Down 3.3%

The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $3.70 and a 200 day simple moving average of $4.29. The firm has a market capitalization of $13.71 billion, a P/E ratio of 334.83, a PEG ratio of 1.55 and a beta of 0.89.

Grab (NASDAQ:GRAB) last issued 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). The firm 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%. As a group, research analysts forecast that Grab Holdings Limited will post 0.08 EPS for the current year.

Insider Transactions at Grab

In related news, insider Chin Yin Ong sold 48,000 shares of Grab stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $3.55, for a total value of $170,400.00. Following the completion of the transaction, the insider owned 3,781,306 shares in the company, valued at approximately $13,423,636.30. This trade represents a 1.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $3.92, for a total value of $117,600.00. Following the completion of the transaction, the insider owned 4,145,430 shares of the company’s stock, valued at approximately $16,250,085.60. This represents a 0.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,118,819 shares of company stock worth $4,114,677. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of Grab during the fourth quarter valued at approximately $25,000. Parallel Advisors LLC boosted its position in shares of Grab by 305.5% during the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock valued at $30,000 after buying an additional 4,601 shares during the period. Advisory Services Network LLC purchased a new position in shares of Grab during the third quarter valued at approximately $38,000. Signaturefd LLC boosted its position in shares of Grab by 64.6% during the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock valued at $32,000 after buying an additional 2,543 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Grab by 162,500.0% during the third quarter. Larson Financial Group LLC now owns 6,504 shares of the company’s stock valued at $39,000 after buying an additional 6,500 shares during the period. Hedge funds and other 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.