Grab Holdings Limited (NASDAQ:GRAB) is Marcho Partners LLP’s 6th Largest Position

Marcho Partners LLP trimmed its stake in Grab Holdings Limited (NASDAQ:GRAB) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,936,577 shares of the company’s stock after selling 1,267,900 shares during the period. Grab makes up 6.3% of Marcho Partners LLP’s investment portfolio, making the stock its 6th largest holding. Marcho Partners LLP owned about 0.12% of Grab worth $23,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of GRAB. Charles Schwab Investment Management Inc. increased its position in Grab by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,429,899 shares of the company’s stock worth $5,434,000 after buying an additional 48,596 shares during the period. Glenmede Trust Co. NA purchased a new position in shares of Grab during the third quarter worth approximately $53,000. Centiva Capital LP grew its position in shares of 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 acquiring an additional 90,918 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Grab by 87.9% in the 3rd quarter. HighTower Advisors LLC now owns 31,546 shares of the company’s stock valued at $119,000 after acquiring an additional 14,759 shares during the period. Finally, Investment Management Corp of Ontario raised its position in Grab by 47.2% in 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 last quarter. 55.52% of the stock is currently owned by institutional investors and hedge funds.

Grab Stock Performance

Shares of GRAB opened at $3.73 on Friday. The company has a quick ratio of 2.67, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 52-week low of $2.98 and a 52-week high of $5.72. The company has a 50-day simple moving average of $4.66 and a 200-day simple moving average of $4.54. The company has a market capitalization of $15.02 billion, a PE ratio of -186.50, a P/E/G ratio of 2.26 and a beta of 0.88.

Grab (NASDAQ:GRAB) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $764.00 million during 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%. Equities research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GRAB. Barclays raised their price objective on shares of Grab from $5.50 to $6.50 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Hsbc Global Res upgraded Grab from a “hold” rating to a “strong-buy” rating 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. Bank of America raised Grab from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $4.90 to $5.10 in a report on Tuesday, January 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Grab in a report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus 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.