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

Marcho Partners LLP reduced its position in Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 29.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,204,477 shares of the company's stock after selling 2,603,442 shares during the quarter. Grab comprises about 6.3% of Marcho Partners LLP's portfolio, making the stock its 5th largest position. Marcho Partners LLP owned about 0.16% of Grab worth $23,577,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its stake in shares of Grab by 8.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,185 shares of the company's stock valued at $143,000 after purchasing an additional 3,020 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Grab by 7.7% in the 3rd quarter. Empowered Funds LLC now owns 43,788 shares of the company's stock valued at $166,000 after purchasing an additional 3,147 shares in the last quarter. Blue Trust Inc. boosted its stake 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 purchasing an additional 3,408 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Grab by 37.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 14,061 shares of the company's stock valued at $50,000 after purchasing an additional 3,795 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Grab by 0.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 776,458 shares of the company's stock valued at $2,951,000 after purchasing an additional 3,941 shares in the last quarter. 55.52% of the stock is owned by institutional investors.

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Grab Trading Up 0.4 %

NASDAQ:GRAB traded up $0.02 during trading hours on Wednesday, hitting $5.31. The company had a trading volume of 44,353,513 shares, compared to its average volume of 25,978,484. The company has a market capitalization of $21.38 billion, a PE ratio of -264.50 and a beta of 0.90. The stock has a 50-day moving average price of $4.31 and a 200 day moving average price of $3.76. Grab Holdings Limited has a 52 week low of $2.90 and a 52 week high of $5.72. 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 (NASDAQ:GRAB - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported $0.01 EPS for the quarter. The firm had revenue of $716.00 million for the quarter, compared to analysts' expectations of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter in the previous year, the business posted ($0.02) EPS. On average, equities research analysts predict that Grab Holdings Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Bank of America downgraded shares of Grab from a "buy" rating to an "underperform" rating and set a $4.90 target price on the stock. in a research report on Friday, November 22nd. Daiwa Capital Markets assumed coverage on shares of Grab in a research report on Wednesday, October 23rd. They issued an "outperform" rating and a $4.60 price target on the stock. Evercore ISI increased their target price on shares of Grab from $7.00 to $8.00 and gave the company an "outperform" rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased 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. Finally, Barclays increased 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $5.42.

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.