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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 351,346 shares of the company’s stock after buying 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 quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC increased its position in Grab by 7.7% during the third quarter. Empowered Funds LLC now owns 43,788 shares of the company’s stock worth $166,000 after acquiring an additional 3,147 shares during the period. FNY Investment Advisers LLC grew its position in shares of Grab by 13.9% during the 4th quarter. FNY Investment Advisers LLC now owns 28,700 shares of the company’s stock worth $135,000 after purchasing an additional 3,500 shares in the last quarter. Vestcor Inc increased its holdings in shares of Grab by 16.6% during the fourth quarter. Vestcor Inc now owns 33,602 shares of the company’s stock worth $159,000 after purchasing an additional 4,776 shares during the period. Traynor Capital Management Inc. raised its position in shares of Grab by 47.7% in the fourth quarter. Traynor Capital Management Inc. now owns 15,800 shares of the company’s stock valued at $75,000 after buying an additional 5,100 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of Grab in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

Grab stock opened at $4.54 on Wednesday. The company has a market capitalization of $18.28 billion, a PE ratio of -227.00, a P/E/G ratio of 2.26 and a beta of 0.88. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $4.67 and a two-hundred day moving average price of $4.50. Grab Holdings Limited has a 12 month low of $2.98 and a 12 month high of $5.72.

Grab (NASDAQ:GRAB) last posted its earnings results on Thursday, February 20th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $764.00 million for the quarter, compared to the consensus estimate of $762.57 million. Grab had a negative net margin of 3.72% and a negative return on equity of 1.63%. Analysts expect that Grab Holdings Limited will post 0.05 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. JPMorgan Chase & Co. upgraded Grab from a “neutral” rating to an “overweight” rating and set a $5.60 price objective on the stock in a research note on Friday, February 21st. Citigroup restated a “buy” rating on shares of Grab in a research report on Tuesday, February 4th. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Grab in a research report on Thursday, February 20th. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and decreased their target price for the company from $5.50 to $5.45 in a report on Tuesday, February 4th. Finally, Barclays upped their price target on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Grab currently has an average rating of “Moderate Buy” and an average target price of $5.62.

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.