Grab Holdings Limited (NASDAQ:GRAB) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 5.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 856,140 shares of the company’s stock after purchasing an additional 40,400 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Grab were worth $4,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its holdings in Grab by 53.6% during the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after buying an additional 3,408 shares in the last quarter. Traynor Capital Management Inc. acquired a new stake in shares of Grab during the 3rd quarter valued at $41,000. SeaBridge Investment Advisors LLC bought a new stake in shares of Grab during the 4th quarter worth $48,000. Glenmede Trust Co. NA acquired a new position in shares of Grab in the 3rd quarter worth $53,000. Finally, Baldwin Wealth Partners LLC MA acquired a new stake in shares of Grab during the fourth quarter worth $67,000. Institutional investors and hedge funds own 55.52% of the company’s stock.

Analyst Ratings Changes

GRAB has been the subject of a number of recent analyst reports. HSBC upgraded Grab from a “hold” rating to a “buy” rating and decreased their price target for the company from $5.50 to $5.45 in a research report on Tuesday, February 4th. Barclays lifted their target price on shares of Grab from $4.70 to $5.50 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. China Renaissance downgraded shares of Grab from a “buy” rating to a “hold” rating and set a $5.40 price target for the company. in a research report on Thursday, November 21st. Bank of America upgraded shares of Grab from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $4.90 to $5.10 in a research report on Tuesday, January 7th. Finally, Evercore ISI increased their target price on Grab from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Grab currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.54.

Grab Stock Performance

Shares of NASDAQ GRAB opened at $5.34 on Thursday. 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 one year low of $2.98 and a one year high of $5.72. The business’s 50-day moving average price is $4.78 and its two-hundred day moving average price is $4.26. The company has a market capitalization of $21.50 billion, a P/E ratio of -267.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.90.

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.