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

Grab Holdings Limited (NASDAQ:GRAB) CFO Peter Henry Oey sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $3.54, for a total value of $177,000.00. Following the sale, the chief financial officer owned 7,000,165 shares of the company’s stock, valued at approximately $24,780,584.10. This trade represents a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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

Grab Price Performance

NASDAQ:GRAB opened at $3.50 on Wednesday. Grab Holdings Limited has a 12 month low of $3.46 and a 12 month high of $6.62. The stock has a 50 day moving average of $3.75 and a two-hundred day moving average of $4.48. 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 firm has a market cap of $14.34 billion, a P/E ratio of 350.35, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($0.01) EPS 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 analysts’ expectations of $921.71 million. On average, analysts expect that Grab Holdings Limited will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GRAB. Integrated Wealth Concepts LLC lifted its holdings in Grab by 201.2% in the first quarter. Integrated Wealth Concepts LLC now owns 35,386 shares of the company’s stock valued at $160,000 after acquiring an additional 23,639 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Grab by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 9,231,195 shares of the company’s stock valued at $41,817,000 after acquiring an additional 529,433 shares during the last quarter. Empowered Funds LLC lifted its holdings in Grab by 6.2% in the first quarter. Empowered Funds LLC now owns 52,698 shares of the company’s stock valued at $239,000 after acquiring an additional 3,090 shares during the last quarter. Focus Partners Wealth acquired a new position in Grab in the first quarter valued at approximately $63,000. Finally, Cetera Investment Advisers lifted its holdings in Grab by 11.7% in the second 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 during the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on GRAB shares. Mizuho cut their price objective on Grab from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Benchmark reiterated a “buy” rating on shares of Grab in a research note on Thursday, February 12th. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price objective for the company in a research note on Wednesday, May 6th. Sanford C. Bernstein reiterated an “outperform” rating and set a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. Finally, Wall Street Zen upgraded Grab from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Grab currently has a consensus rating of “Moderate Buy” and an average price target of $6.19.

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.