John Pierantoni Sells 14,819 Shares of Grab (NASDAQ:GRAB) Stock

Grab Holdings Limited (NASDAQ:GRAB) CAO John Pierantoni sold 14,819 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer directly owned 569,376 shares of the company’s stock, valued at approximately $2,055,447.36. The trade was a 2.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Grab Price Performance

NASDAQ:GRAB opened at $3.71 on Friday. Grab Holdings Limited has a 52 week low of $3.36 and a 52 week high of $6.62. The firm has a market cap of $15.20 billion, a price-to-earnings ratio of 123.71, a P/E/G ratio of 0.84 and a beta of 0.93. The firm’s 50-day simple moving average is $4.15 and its 200 day simple moving average is $5.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Grab had a net margin of 7.92% and a return on equity of 4.09%. The firm had revenue of $906.00 million during the quarter, compared to the consensus estimate of $942.08 million. As a group, sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in shares of Grab by 15.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 13,565 shares of the company’s stock valued at $82,000 after purchasing an additional 1,768 shares during the last quarter. Savant Capital LLC boosted its stake in Grab by 19.3% in the third quarter. Savant Capital LLC now owns 12,093 shares of the company’s stock valued at $73,000 after buying an additional 1,957 shares in the last quarter. Miracle Mile Advisors LLC boosted its stake in Grab by 6.4% in the third quarter. Miracle Mile Advisors LLC now owns 33,290 shares of the company’s stock valued at $200,000 after buying an additional 2,007 shares in the last quarter. Centurion Wealth Management LLC grew its position in Grab by 4.4% in the third quarter. Centurion Wealth Management LLC now owns 48,764 shares of the company’s stock valued at $294,000 after acquiring an additional 2,049 shares during the last quarter. Finally, Pitcairn Co. raised its stake in Grab by 11.0% during the second quarter. Pitcairn Co. now owns 20,964 shares of the company’s stock worth $105,000 after acquiring an additional 2,080 shares in the last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

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.