UBS Asset Management Americas Inc. trimmed its stake in GrubHub Inc (NYSE:GRUB) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,457 shares of the information services provider’s stock after selling 5,484 shares during the period. UBS Asset Management Americas Inc.’s holdings in GrubHub were worth $3,264,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of GrubHub by 2.6% in the fourth quarter. BlackRock Inc. now owns 5,477,332 shares of the information services provider’s stock worth $393,274,000 after purchasing an additional 140,964 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of GrubHub in the fourth quarter worth approximately $202,000. Advisory Research Inc. increased its position in shares of GrubHub by 5.8% in the fourth quarter. Advisory Research Inc. now owns 76,585 shares of the information services provider’s stock worth $5,499,000 after purchasing an additional 4,193 shares during the last quarter. First Trust Advisors LP increased its position in shares of GrubHub by 996.8% in the fourth quarter. First Trust Advisors LP now owns 1,610,369 shares of the information services provider’s stock worth $115,624,000 after purchasing an additional 1,463,539 shares during the last quarter. Finally, Penserra Capital Management LLC increased its position in shares of GrubHub by 151.2% in the fourth quarter. Penserra Capital Management LLC now owns 198,647 shares of the information services provider’s stock worth $14,262,000 after purchasing an additional 119,555 shares during the last quarter.
In related news, CEO Matthew M. Maloney sold 50,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $70.96, for a total value of $3,548,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew M. Maloney sold 56,250 shares of the firm’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $71.09, for a total value of $3,998,812.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 329,351 shares of company stock valued at $25,178,630. Insiders own 2.37% of the company’s stock.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of GrubHub from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research report on Tuesday, January 9th. Oppenheimer upped their price objective on shares of GrubHub to $80.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Craig Hallum upped their price objective on shares of GrubHub from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. KeyCorp set a $80.00 price objective on shares of GrubHub and gave the stock a “buy” rating in a research report on Monday, December 11th. Finally, Credit Suisse Group upped their target price on GrubHub from $65.00 to $80.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. GrubHub has an average rating of “Hold” and an average price target of $74.07.
Shares of GrubHub Inc (GRUB) opened at $110.78 on Thursday. The firm has a market capitalization of $9,525.97, a P/E ratio of 110.35, a PEG ratio of 4.09 and a beta of 1.00. GrubHub Inc has a 52 week low of $32.43 and a 52 week high of $112.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.07.
GrubHub (NYSE:GRUB) last released its quarterly earnings data on Thursday, February 8th. The information services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.07. The firm had revenue of $205.10 million during the quarter, compared to analyst estimates of $201.55 million. GrubHub had a return on equity of 8.29% and a net margin of 14.49%. The business’s quarterly revenue was up 49.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 earnings per share. sell-side analysts forecast that GrubHub Inc will post 1.15 EPS for the current year.
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Grubhub Inc provides an online and mobile platform for restaurant pick-up and delivery orders. Its products include Grubhub and Seamless Mobile Applications and Mobile Website, Grubhub and Seamless Websites, Corporate Program, Delivery, Allmenus and MenuPages, Grubhub for Restaurants, and Restaurant Websites.
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