Public Employees Retirement Association of Colorado Acquires 408,701 Shares of Grab Holdings Limited (NASDAQ:GRAB)

Public Employees Retirement Association of Colorado boosted its holdings in shares of Grab Holdings Limited (NASDAQ:GRABFree Report) by 2,964.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,487 shares of the company’s stock after acquiring an additional 408,701 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Grab were worth $1,424,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Optas LLC bought a new position in shares of Grab during the fourth quarter valued at $36,000. Meridian Wealth Partners LLC purchased a new position in Grab in the fourth quarter worth about $36,000. Jump Financial LLC bought a new position in shares of Grab in the third quarter worth approximately $41,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Grab during the third quarter valued at approximately $51,000. Finally, Cerity Partners LLC purchased a new stake in shares of Grab during the fourth quarter valued at approximately $58,000. Institutional investors own 55.52% of the company’s stock.

Wall Street Analyst Weigh In

GRAB has been the topic of several analyst reports. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Grab in a research report on Thursday, May 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Grab in a research note on Friday, May 17th. They set a “buy” rating and a $4.50 target price on the stock. HSBC restated a “buy” rating and set a $4.30 price objective on shares of Grab in a research report on Thursday, April 4th. Finally, Barclays lifted their target price on shares of Grab from $4.30 to $4.70 and gave the stock an “overweight” rating in a research report on Wednesday, May 22nd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Grab has an average rating of “Buy” and an average price target of $5.07.

Get Our Latest Report on GRAB

Grab Trading Down 0.8 %

Shares of GRAB stock opened at $3.64 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.22. The company has a market cap of $14.28 billion, a price-to-earnings ratio of -51.99 and a beta of 0.82. Grab Holdings Limited has a 1 year low of $2.90 and a 1 year high of $3.92. The firm has a fifty day moving average price of $3.50 and a 200-day moving average price of $3.30.

Grab (NASDAQ:GRABGet Free Report) last released its earnings results on Wednesday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The company had revenue of $653.00 million for the quarter, compared to analysts’ expectations of $662.48 million. Grab had a negative net margin of 11.86% and a negative return on equity of 4.62%. As a group, equities analysts predict that Grab Holdings Limited will post -0.01 earnings per share for the current year.

About Grab

(Free Report)

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.

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Institutional Ownership by Quarter for Grab (NASDAQ:GRAB)

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