Public Employees Retirement System of Ohio Sells 4,541,648 Shares of Grab Holdings Limited $GRAB

Key Points

• The Public Employees Retirement System of Ohio sold 4,541,648 shares of Grab Holdings, reducing its stake by 82.1%, leaving it with 992,481 shares valued at approximately $4.99 million as of the latest reporting period.
• HSBC Global Research downgraded Grab from a "strong-buy" to a "hold" rating, maintaining a price target of $6.20, while the stock has a consensus rating of "Moderate Buy" and a target price of $5.90.
• Grab recently reported earnings meeting estimates at $0.01 per share, with quarterly revenue of $819 million, surpassing analyst estimates of $809.41 million.

Public Employees Retirement System of Ohio reduced its stake in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 82.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 992,481 shares of the company's stock after selling 4,541,648 shares during the period. Public Employees Retirement System of Ohio's holdings in Grab were worth $4,992,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Garde Capital Inc. purchased a new stake in shares of Grab in the 1st quarter worth approximately $29,000. Summit Securities Group LLC lifted its position in shares of Grab by 63.6% in the 1st quarter. Summit Securities Group LLC now owns 8,229 shares of the company's stock worth $37,000 after purchasing an additional 3,199 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Grab in the 1st quarter worth approximately $45,000. Intelligence Driven Advisers LLC purchased a new stake in shares of Grab in the 1st quarter worth approximately $48,000. Finally, Perigon Wealth Management LLC purchased a new stake in shares of Grab in the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 55.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Hsbc Global Res cut shares of Grab from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 17th. HSBC reaffirmed a "hold" rating and issued a $6.20 price target on shares of Grab in a research report on Wednesday, September 17th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $5.90.

Grab Stock Performance

Shares of Grab stock opened at $6.11 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62. The firm has a market capitalization of $24.60 billion, a price-to-earnings ratio of 152.79 and a beta of 0.84. The firm's 50 day simple moving average is $5.36 and its two-hundred day simple moving average is $4.93.

Grab (NASDAQ:GRAB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. Grab had a net margin of 3.65% and a return on equity of 1.75%. The business had revenue of $819.00 million for the quarter, compared to analyst estimates of $809.41 million. Grab has set its FY 2025 guidance at EPS. Analysts predict that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab Profile

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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