California Public Employees Retirement System Has $20.42 Million Stock Holdings in Grab Holdings Limited (NASDAQ:GRAB)

California Public Employees Retirement System decreased its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,325,271 shares of the company's stock after selling 468,772 shares during the quarter. California Public Employees Retirement System owned 0.11% of Grab worth $20,415,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of GRAB. Charles Schwab Investment Management Inc. increased its stake in Grab by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company's stock valued at $5,434,000 after buying an additional 48,596 shares during the period. Glenmede Trust Co. NA acquired a new position in shares of Grab during the third quarter valued at approximately $53,000. Centiva Capital LP raised its holdings in Grab by 748.9% during the third quarter. Centiva Capital LP now owns 103,059 shares of the company's stock worth $392,000 after purchasing an additional 90,918 shares in the last quarter. HighTower Advisors LLC lifted its position in Grab by 87.9% in the third quarter. HighTower Advisors LLC now owns 31,546 shares of the company's stock worth $119,000 after purchasing an additional 14,759 shares during the period. Finally, Investment Management Corp of Ontario increased its position in shares of Grab by 47.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 68,918 shares of the company's stock valued at $262,000 after purchasing an additional 22,100 shares during the period. 55.52% of the stock is owned by institutional investors and hedge funds.

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Grab Stock Up 11.1 %

Shares of GRAB stock traded up $0.39 on Tuesday, reaching $3.87. 27,932,417 shares of the company's stock traded hands, compared to its average volume of 29,509,755. The business's 50 day moving average price is $4.64 and its two-hundred day moving average price is $4.56. The company has a market capitalization of $15.56 billion, a P/E ratio of -192.75, a price-to-earnings-growth ratio of 2.26 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70. Grab Holdings Limited has a 12-month low of $2.98 and a 12-month high of $5.72.

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

Wall Street Analysts Forecast Growth

GRAB has been the subject of several research reports. HSBC raised 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 research note on Tuesday, February 4th. Barclays raised their price objective on shares of Grab from $5.50 to $6.50 and gave the company an "overweight" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Grab from a "neutral" rating to an "overweight" rating and set a $5.60 target price on the stock in a report on Friday, February 21st. Hsbc Global Res upgraded shares of Grab from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Finally, Benchmark reaffirmed a "buy" rating and issued a $6.00 price target on shares of Grab 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 given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $5.62.

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.