Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 4,412 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 351,346 shares of the company’s stock after acquiring an additional 4,412 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Grab were worth $1,658,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in Grab by 13.4% in the 3rd quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company’s stock valued at $472,394,000 after acquiring an additional 14,671,388 shares during the period. Hanwha Asset Management Co. Ltd. purchased a new position in shares of Grab in the fourth quarter worth about $227,718,000. Baillie Gifford & Co. raised its position in shares of Grab by 10.0% in the fourth quarter. Baillie Gifford & Co. now owns 47,021,709 shares of the company’s stock valued at $221,942,000 after purchasing an additional 4,259,537 shares during the period. Perpetual Ltd purchased a new stake in shares of Grab during the 4th quarter valued at approximately $213,177,000. Finally, State Street Corp boosted its holdings in Grab by 2.3% in the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company’s stock worth $165,567,000 after buying an additional 967,233 shares during the period. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

GRAB has been the topic of several recent research reports. Bank of America upgraded Grab from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Hsbc Global Res raised Grab from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. HSBC raised Grab from a “hold” rating to a “buy” rating and reduced their target price for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. JPMorgan Chase & Co. raised shares of Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price target on the stock in a report on Friday, February 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.62.

Grab Stock Down 1.7 %

Shares of NASDAQ:GRAB opened at $4.54 on Wednesday. The firm has a fifty day moving average of $4.67 and a 200 day moving average of $4.50. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. The firm has a market capitalization of $18.28 billion, a PE ratio of -227.00, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $764.00 million for the quarter, compared to analyst estimates of $762.57 million. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. As a group, research analysts anticipate that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

About Grab

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.