Teacher Retirement System of Texas boosted its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 74.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,818,896 shares of the company's stock after buying an additional 776,775 shares during the quarter. Teacher Retirement System of Texas' holdings in Grab were worth $8,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Twin Tree Management LP purchased a new stake in Grab in the fourth quarter worth approximately $25,000. Garde Capital Inc. purchased a new stake in shares of Grab during the first quarter valued at approximately $29,000. Campbell Capital Management Inc. purchased a new stake in shares of Grab during the fourth quarter valued at approximately $30,000. TD Private Client Wealth LLC boosted its stake in shares of Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after purchasing an additional 7,890 shares during the period. Finally, Allianz SE purchased a new stake in shares of Grab during the fourth quarter valued at approximately $44,000. Hedge funds and other institutional investors own 55.52% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on GRAB shares. CLSA raised Grab to a "moderate buy" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. dropped their price objective on Grab from $5.60 to $5.30 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $5.71.
Read Our Latest Report on Grab
Grab Trading Up 4.0%
GRAB stock traded up $0.19 on Wednesday, reaching $4.99. The company's stock had a trading volume of 50,009,338 shares, compared to its average volume of 33,260,321. The business has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $4.68. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72. The firm has a market cap of $20.09 billion, a PE ratio of 249.62 and a beta of 0.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.46 and a current ratio of 2.49.
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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