Grab Holdings Limited $GRAB Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,427,605 shares of the company’s stock after acquiring an additional 142,800 shares during the quarter. Public Sector Pension Investment Board’s holdings in Grab were worth $8,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in GRAB. AlphaCore Capital LLC acquired a new stake in shares of Grab in the second quarter valued at about $33,000. Caitong International Asset Management Co. Ltd boosted its holdings in Grab by 51.2% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 7,780 shares of the company’s stock worth $39,000 after buying an additional 2,634 shares during the last quarter. Prospera Financial Services Inc purchased a new position in shares of Grab in the second quarter valued at approximately $50,000. Savant Capital LLC acquired a new stake in shares of Grab in the second quarter worth approximately $51,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Grab during the second quarter worth approximately $54,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Price Performance

Grab stock opened at $4.13 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.73 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average price of $4.72 and a 200 day moving average price of $5.25. Grab Holdings Limited has a 12-month low of $3.36 and a 12-month high of $6.62. The stock has a market cap of $16.63 billion, a P/E ratio of 137.71, a PEG ratio of 0.88 and a beta of 0.92.

Grab (NASDAQ:GRAB) last posted its earnings results on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $906.00 million for the quarter, compared to analyst estimates of $942.08 million. Grab had a net margin of 7.92% and a return on equity of 4.09%. Sell-side analysts anticipate that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on GRAB. Benchmark restated a “buy” rating on shares of Grab in a report on Thursday. Mizuho set a $7.00 target price on shares of Grab in a research report on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating and set a $7.00 price target on shares of Grab in a research report on Tuesday, November 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. Finally, Barclays raised their target price on shares of Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Grab currently has a consensus rating of “Buy” and an average price target of $6.47.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.