Grab Holdings Limited (NASDAQ:GRAB) Stake Reduced by Marcho Partners LLP

Marcho Partners LLP trimmed its holdings in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,936,577 shares of the company's stock after selling 1,267,900 shares during the period. Grab comprises about 6.3% of Marcho Partners LLP's investment portfolio, making the stock its 6th biggest position. Marcho Partners LLP owned about 0.12% of Grab worth $23,301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GRAB. Twin Tree Management LP purchased a new position in Grab in the 4th quarter worth approximately $25,000. Campbell Capital Management Inc. purchased a new position in shares of Grab in the fourth quarter worth $30,000. Global Retirement Partners LLC bought a new position in shares of Grab during the fourth quarter worth $30,000. TD Private Client Wealth LLC grew its stake in Grab by 7,238.5% during the fourth quarter. TD Private Client Wealth LLC now owns 7,999 shares of the company's stock valued at $38,000 after acquiring an additional 7,890 shares in the last quarter. Finally, Allianz SE bought a new stake in Grab in the 4th quarter valued at $44,000. Institutional investors own 55.52% of the company's stock.

Grab Trading Down 6.7 %

NASDAQ GRAB traded down $0.29 during trading on Thursday, hitting $3.98. The stock had a trading volume of 25,207,085 shares, compared to its average volume of 29,907,475. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of -198.75, a P/E/G ratio of 2.26 and a beta of 0.88. The stock has a 50 day simple moving average of $4.59 and a 200 day simple moving average of $4.55. Grab Holdings Limited has a one year low of $2.98 and a one year high of $5.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.67 and a current ratio of 2.70.

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Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. Grab had a negative return on equity of 1.63% and a negative net margin of 3.72%. The company had revenue of $764.00 million during the quarter, compared to analysts' expectations of $762.57 million. Sell-side analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup reissued a "buy" rating on shares of Grab in a report on Tuesday, February 4th. JPMorgan Chase & Co. upgraded Grab from a "neutral" rating to an "overweight" rating and set a $5.60 price target for the company in a report on Friday, February 21st. Benchmark reiterated a "buy" rating and set a $6.00 target price on shares of Grab in a research report on Thursday, February 20th. HSBC upgraded shares of Grab from a "hold" rating to a "buy" rating and reduced their price target for the stock from $5.50 to $5.45 in a research report on Tuesday, February 4th. Finally, Bank of America raised 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 note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Grab has an average 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.