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

Grab Holdings Limited (NASDAQ:GRAB) CEO Anthony Ping Yeow Tan sold 400,000 shares of Grab stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $3.91, for a total value of $1,564,000.00. Following the completion of the sale, the chief executive officer directly owned 28,498 shares in the company, valued at approximately $111,427.18. The trade was a 93.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Ping Yeow Tan also recently made the following trade(s):

• On Monday, June 15th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.51, for a total value of $1,404,000.00.
• On Monday, May 11th, Anthony Ping Yeow Tan sold 400,000 shares of Grab stock. The shares were sold at an average price of $3.67, for a total transaction of $1,468,000.00.

Grab Price Performance

Grab stock opened at $3.82 on Thursday. Grab Holdings Limited has a 12-month low of $3.18 and a 12-month high of $6.62. 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 50-day moving average price of $3.60 and a 200-day moving average price of $3.97. The firm has a market capitalization of $15.65 billion, a PE ratio of 382.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87.

Grab (NASDAQ:GRAB) last posted 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). Grab had a return on equity of 5.79% and a net margin of 10.67%.The firm had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $921.71 million. As a group, equities research analysts forecast that Grab Holdings Limited will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Grab

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Grab during the fourth quarter worth $25,000. Montag A & Associates Inc. acquired a new stake in shares of Grab in the 1st quarter worth $27,000. Parallel Advisors LLC boosted its position in shares of Grab by 305.5% in the 4th quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after purchasing an additional 4,601 shares in the last quarter. Signaturefd LLC grew its stake in Grab by 64.6% during the 4th quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after buying an additional 2,543 shares during the last quarter. Finally, Advocate Investing Services LLC acquired a new position in Grab during the 4th quarter valued at approximately $35,000. 55.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GRAB has been the subject of a number of recent analyst reports. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 target price for the company in a research report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating and set a $6.25 target price on shares of Grab in a research note on Tuesday, June 30th. Mizuho reduced their price target on shares of Grab from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Grab from $5.90 to $5.80 and set an “overweight” rating for the company in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.01.

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.