183,100 Shares in Grab Holdings Limited (NASDAQ:GRAB) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 183,100 shares of the company's stock, valued at approximately $696,000.

Several other large investors have also recently modified their holdings of GRAB. Nomura Asset Management Co. Ltd. grew its stake in Grab by 1.7% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 583,500 shares of the company's stock worth $2,217,000 after buying an additional 9,600 shares during the last quarter. XTX Topco Ltd boosted its holdings in Grab by 265.5% in the third quarter. XTX Topco Ltd now owns 112,274 shares of the company's stock worth $427,000 after acquiring an additional 81,558 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Grab by 13.4% during the third quarter. Wellington Management Group LLP now owns 124,314,286 shares of the company's stock worth $472,394,000 after acquiring an additional 14,671,388 shares during the last quarter. Soros Fund Management LLC acquired a new position in shares of Grab during the third quarter valued at about $139,000. Finally, State Street Corp raised its position in shares of Grab by 2.3% in the 3rd quarter. State Street Corp now owns 43,570,388 shares of the company's stock valued at $165,567,000 after purchasing an additional 967,233 shares during the last quarter. Institutional investors own 55.52% of the company's stock.

Wall Street Analysts Forecast Growth

GRAB has been the subject of a number of research reports. Bank of America cut Grab from a "buy" rating to an "underperform" rating and set a $4.90 price target for the company. in a research report on Friday, November 22nd. Evercore ISI lifted their target price on Grab from $7.00 to $8.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th. Daiwa Capital Markets initiated coverage on shares of Grab in a report on Wednesday, October 23rd. They issued an "outperform" rating and a $4.60 price target on the stock. Barclays lifted their price objective on shares of Grab from $4.70 to $5.50 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Finally, Hsbc Global Res lowered shares of Grab from a "strong-buy" rating to a "hold" rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $5.53.

Grab Price Performance

GRAB traded down $0.02 on Friday, reaching $4.90. 26,923,740 shares of the company's stock were exchanged, compared to its average volume of 26,331,621. The stock has a market cap of $19.73 billion, a PE ratio of -245.00 and a beta of 0.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67. Grab Holdings Limited has a twelve month low of $2.90 and a twelve month high of $5.72. The stock's fifty day moving average price is $4.68 and its 200-day moving average price is $3.89.

Grab (NASDAQ:GRAB - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The company reported $0.01 earnings per share for the quarter. The business had revenue of $716.00 million during the quarter, compared to analysts' expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same period last year, the business earned ($0.02) earnings per share. Sell-side analysts expect that Grab Holdings Limited will post -0.03 EPS for the current year.

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.