Peter Henry Oey Sells 50,000 Shares of Grab (NASDAQ:GRAB) Stock

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $3.53, for a total value of $176,500.00. Following the transaction, the chief financial officer owned 6,950,165 shares in the company, valued at $24,534,082.45. This represents a 0.71% 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.

Peter Henry Oey also recently made the following trade(s):

• On Friday, May 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.54, for a total value of $177,000.00.
• On Wednesday, April 15th, Peter Henry Oey sold 50,000 shares of Grab stock. The shares were sold at an average price of $3.92, for a total value of $196,000.00.

Grab Price Performance

Shares of Grab stock traded down $0.04 during mid-day trading on Wednesday, reaching $3.45. 46,031,429 shares of the stock traded hands, compared to its average volume of 47,304,440. The business has a 50-day moving average of $3.65 and a 200 day moving average of $4.17. Grab Holdings Limited has a fifty-two week low of $3.18 and a fifty-two week high of $6.62. The stock has a market capitalization of $14.14 billion, a PE ratio of 345.35, a PEG ratio of 1.58 and a beta of 0.89. The company has a quick ratio of 1.65, a current ratio of 1.67 and a debt-to-equity ratio of 0.06.

Grab (NASDAQ:GRAB) last announced its 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). Grab had a net margin of 10.67% and a return on equity of 5.79%. The firm had revenue of $955.00 million for the quarter, compared to analyst estimates of $921.71 million. On average, analysts predict that Grab Holdings Limited will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on GRAB. China Renaissance raised Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a report on Wednesday, May 6th. Morgan Stanley set a $5.90 target price on Grab in a report on Wednesday, May 6th. Zacks Research raised Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings raised Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Mizuho cut their price target on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.19.

Institutional Investors Weigh In On Grab

Several hedge funds and other institutional investors have recently made changes to their positions in GRAB. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of Grab in the fourth quarter valued at approximately $25,000. Montag A & Associates Inc. purchased a new position in Grab in the first quarter worth approximately $27,000. Parallel Advisors LLC grew its position in 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 acquiring an additional 4,601 shares during the period. Signaturefd LLC grew its position in Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after acquiring an additional 2,543 shares during the period. Finally, Advocate Investing Services LLC purchased a new position in Grab in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

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.