Marcho Partners LLP Has $22.62 Million Position in Grab Holdings Limited (NASDAQ:GRAB)

Key Points

• Marcho Partners LLP increased its stake in Grab Holdings Limited by 1.2%, making it the firm's 5th largest position, comprising 8.3% of its investment portfolio.
• Grab recently reported revenue of $819 million for the quarter, slightly surpassing analyst estimates, and a profit margin of 3.65%.
• Analysts currently have a consensus rating of "Moderate Buy" for Grab's stock, with an average target price of $5.82.

Marcho Partners LLP lifted its position in shares of Grab Holdings Limited (NASDAQ:GRAB - Free Report) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,993,677 shares of the company's stock after purchasing an additional 57,100 shares during the quarter. Grab comprises 8.3% of Marcho Partners LLP's investment portfolio, making the stock its 5th biggest holding. Marcho Partners LLP owned approximately 0.12% of Grab worth $22,621,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. WFM ASIA BVI Ltd lifted its holdings in shares of Grab by 9.1% during the first quarter. WFM ASIA BVI Ltd now owns 30,407,515 shares of the company's stock valued at $137,746,000 after purchasing an additional 2,532,500 shares in the last quarter. Regal Partners Ltd bought a new position in shares of Grab during the first quarter valued at $258,000. Russell Investments Group Ltd. lifted its holdings in shares of Grab by 49.6% during the first quarter. Russell Investments Group Ltd. now owns 18,098,967 shares of the company's stock valued at $81,994,000 after purchasing an additional 6,004,305 shares in the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in shares of Grab by 22.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 728,811 shares of the company's stock valued at $3,305,000 after purchasing an additional 135,022 shares in the last quarter. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of Grab during the first quarter valued at $1,006,000. 55.52% of the stock is currently owned by institutional investors.

Grab Stock Performance

Shares of NASDAQ:GRAB remained flat at $5.13 during midday trading on Friday. The stock had a trading volume of 17,761,256 shares, compared to its average volume of 36,697,020. The company has a market capitalization of $20.66 billion, a P/E ratio of 128.28 and a beta of 0.84. The company has a current ratio of 1.88, a quick ratio of 1.87 and a debt-to-equity ratio of 0.04. Grab Holdings Limited has a 1 year low of $3.12 and a 1 year high of $5.72. The stock's 50 day moving average price is $4.95 and its 200 day moving average price is $4.76.

Grab (NASDAQ:GRAB - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $819.00 million during the quarter, compared to analysts' expectations of $809.41 million. Grab had a return on equity of 1.75% and a net margin of 3.65%. Sell-side analysts predict that Grab Holdings Limited will post 0.05 EPS for the current fiscal year.

Grab Company 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.