Grab Holdings Limited (NASDAQ:GRAB) is Marcho Partners LLP’s 5th Largest Position

Marcho Partners LLP reduced its stake in Grab Holdings Limited (NASDAQ:GRAB) by 29.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,204,477 shares of the company’s stock after selling 2,603,442 shares during the period. Grab accounts for about 6.3% of Marcho Partners LLP’s holdings, making the stock its 5th biggest position. Marcho Partners LLP’s holdings in Grab were worth $23,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of Grab by 53.6% in the 3rd quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock valued at $35,000 after buying an additional 3,408 shares during the last quarter. Traynor Capital Management Inc. acquired a new stake in shares of Grab during the third quarter worth about $41,000. Sage Rhino Capital LLC acquired a new stake in shares of Grab in the 2nd quarter valued at about $38,000. Glenmede Trust Co. NA purchased a new position in Grab during the 3rd quarter worth approximately $53,000. Finally, Dorsey & Whitney Trust CO LLC increased its position in Grab by 37.0% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company’s stock worth $50,000 after buying an additional 3,795 shares during the period. Institutional investors and hedge funds own 55.52% of the company’s stock.

Grab Stock Up 2.1 %

GRAB stock opened at $5.29 on Wednesday. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $5.72. The company has a current ratio of 2.70, a quick ratio of 2.67 and a debt-to-equity ratio of 0.04. The company has a market cap of $21.30 billion, a P/E ratio of -264.50 and a beta of 0.90. The company’s 50-day moving average price is $4.28 and its 200 day moving average price is $3.75.

Grab (NASDAQ:GRAB) last posted its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. Grab had a negative return on equity of 1.50% and a negative net margin of 3.57%. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $705.40 million. During the same period in the previous year, the business earned ($0.02) earnings per share. On average, research analysts expect that Grab Holdings Limited will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on GRAB. JPMorgan Chase & Co. upped their price target on shares of Grab from $5.00 to $5.70 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Mizuho increased their price objective on Grab from $5.00 to $6.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Evercore ISI boosted 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. Daiwa Capital Markets assumed coverage on Grab in a report on Wednesday, October 23rd. They set an “outperform” rating and a $4.60 price target for the company. Finally, Barclays upped their price objective 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.42.

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.