Public Employees Retirement System of Ohio Grows Stake in Grab Holdings Limited (NASDAQ:GRAB)

Public Employees Retirement System of Ohio raised its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 2,646.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,028,596 shares of the company's stock after acquiring an additional 4,845,496 shares during the period. Public Employees Retirement System of Ohio owned about 0.12% of Grab worth $23,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Uber Technologies Inc bought a new position in shares of Grab in the 4th quarter valued at $2,529,462,000. Toyota Motor Corp acquired a new stake in shares of Grab during the fourth quarter valued at about $1,052,117,000. Hanwha Asset Management Co. Ltd. bought a new stake in shares of Grab during the fourth quarter worth about $227,718,000. Arrowstreet Capital Limited Partnership raised its holdings in Grab by 5,066.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 33,914,101 shares of the company's stock valued at $160,075,000 after buying an additional 33,257,610 shares during the last quarter. Finally, Norges Bank acquired a new stake in Grab during the 4th quarter worth approximately $145,927,000. Institutional investors own 55.52% of the company's stock.

Grab Stock Performance

Shares of NASDAQ GRAB traded down $0.07 during midday trading on Friday, hitting $4.83. 9,742,760 shares of the company's stock traded hands, compared to its average volume of 30,627,278. 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 stock has a market capitalization of $19.43 billion, a price-to-earnings ratio of -241.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.86. The firm has a fifty day moving average of $4.57 and a 200 day moving average of $4.74. Grab Holdings Limited has a 1 year low of $2.98 and a 1 year high of $5.72.

Grab (NASDAQ:GRAB - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. On average, analysts forecast that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analyst Ratings Changes

GRAB has been the topic of a number of recent research reports. Benchmark reiterated a "buy" rating and set a $6.00 price target on shares of Grab in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their target price on shares of Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Citigroup reaffirmed a "buy" rating on shares of Grab in a research note on Tuesday, February 4th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Finally, Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $5.71.

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.