Grab (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan Sells 400,000 Shares of Stock

Grab Holdings Limited (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan sold 400,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $3.68, for a total transaction of $1,472,000.00. Following the completion of the sale, the chief executive officer owned 425,193 shares in the company, valued at $1,564,710.24. This represents a 48.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Grab Price Performance

GRAB stock opened at $3.73 on Tuesday. Grab Holdings Limited has a 52 week low of $3.48 and a 52 week high of $6.62. The firm has a market capitalization of $15.28 billion, a P/E ratio of 124.37, a price-to-earnings-growth ratio of 0.88 and a beta of 0.99. The company has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $4.84. The company has a quick ratio of 1.73, a current ratio of 1.75 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last announced its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $906.00 million for the quarter, compared to analysts’ expectations of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. Analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GRAB. Integrated Wealth Concepts LLC lifted its position in shares of Grab by 201.2% in the 1st 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 during the period. Goldman Sachs Group Inc. raised its stake 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 buying an additional 529,433 shares in the last quarter. Empowered Funds LLC raised its stake 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 buying an additional 3,090 shares in the last quarter. Focus Partners Wealth purchased a new stake in Grab during the first quarter worth $63,000. Finally, Cetera Investment Advisers boosted its position in Grab by 11.7% during the 2nd quarter. Cetera Investment Advisers now owns 106,710 shares of the company’s stock valued at $537,000 after acquiring an additional 11,158 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. HSBC upgraded Grab from a “hold” rating to a “buy” rating and set a $6.20 price target for the company in a research report on Friday, January 16th. Wall Street Zen upgraded shares of Grab from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $5.80 price target on shares of Grab in a research note on Monday, January 26th. Finally, Benchmark reiterated a “buy” rating on shares of Grab in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $6.47.

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.