Marcho Partners LLP lowered its stake in Grab Holdings Limited (NASDAQ:GRAB – Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,566,135 shares of the company’s stock after selling 484,030 shares during the period. Grab makes up approximately 10.8% of Marcho Partners LLP’s holdings, making the stock its 7th largest holding. Marcho Partners LLP’s holdings in Grab were worth $17,795,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Grab by 305.5% in the fourth quarter. Parallel Advisors LLC now owns 6,107 shares of the company’s stock worth $30,000 after buying an additional 4,601 shares during the period. Signaturefd LLC increased its holdings in shares of Grab by 64.6% in the fourth quarter. Signaturefd LLC now owns 6,479 shares of the company’s stock worth $32,000 after buying an additional 2,543 shares during the period. Advocate Investing Services LLC purchased a new position in shares of Grab in the fourth quarter worth about $35,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Grab by 128.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,525 shares of the company’s stock worth $38,000 after buying an additional 4,225 shares during the period. Finally, Advisory Services Network LLC purchased a new position in shares of Grab in the third quarter worth about $38,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.
Grab Stock Down 1.5%
Shares of NASDAQ:GRAB opened at $3.30 on Friday. Grab Holdings Limited has a 1 year low of $3.18 and a 1 year high of $6.62. The company has a market cap of $13.52 billion, a PE ratio of 330.33, a P/E/G ratio of 1.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.65. The stock’s 50-day moving average is $3.66 and its 200 day moving average is $4.22.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on GRAB shares. JPMorgan Chase & Co. reduced their price target on Grab from $5.90 to $5.80 and set an “overweight” rating on the stock in a report on Tuesday, May 5th. Morgan Stanley set a $5.90 price target on Grab in a report on Wednesday, May 6th. Zacks Research upgraded Grab from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded Grab from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, China Renaissance upgraded Grab from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Grab currently has an average rating of “Moderate Buy” and a consensus price target of $6.19.
Get Our Latest Stock Analysis on Grab
Insider Transactions at Grab
In other Grab news, CFO Peter Henry Oey sold 50,000 shares of Grab stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $3.54, for a total transaction of $177,000.00. Following the sale, the chief financial officer directly owned 7,000,165 shares of the company’s stock, valued at approximately $24,780,584.10. The trade was a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Philipp Wolfgang Josef Kandal sold 30,000 shares of Grab stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $3.54, for a total value of $106,200.00. Following the sale, the insider directly owned 4,095,430 shares in the company, valued at approximately $14,497,822.20. The trade was a 0.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,156,819 shares of company stock valued at $4,245,017. Insiders own 3.60% of the company’s stock.
About Grab
Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.
Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.
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