GrubHub Inc (GRUB) Stake Raised by American International Group Inc.

American International Group Inc. lifted its holdings in shares of GrubHub Inc (NYSE:GRUB) by 8.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,621 shares of the information services provider’s stock after purchasing an additional 4,309 shares during the period. American International Group Inc. owned about 0.07% of GrubHub worth $3,034,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caledonia Private Investments Pty Ltd raised its stake in GrubHub by 3.4% in the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock valued at $432,159,000 after acquiring an additional 329,401 shares during the period. Baillie Gifford & Co. raised its stake in GrubHub by 1.7% in the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock valued at $365,605,000 after acquiring an additional 142,445 shares during the period. Vanguard Group Inc. grew its holdings in GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock valued at $303,139,000 after buying an additional 203,802 shares in the last quarter. BlackRock Inc. grew its holdings in GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after buying an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion grew its holdings in GrubHub by 55.4% during the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after buying an additional 1,773,959 shares in the last quarter.

A number of research analysts have weighed in on the company. Oppenheimer lifted their target price on GrubHub from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Barclays lifted their target price on GrubHub from $45.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. Wedbush reaffirmed an “outperform” rating and set a $54.93 target price (down previously from $63.00) on shares of GrubHub in a report on Wednesday, August 23rd. Stifel Nicolaus lifted their target price on GrubHub from $53.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $80.00 target price (up previously from $70.00) on shares of GrubHub in a report on Tuesday, November 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $59.18.

In related news, SVP Margo Drucker sold 1,736 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $52.92, for a total value of $91,869.12. Following the completion of the sale, the senior vice president now owns 891 shares in the company, valued at approximately $47,151.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $66.37, for a total value of $414,812.50. The disclosure for this sale can be found here. Insiders sold a total of 338,633 shares of company stock valued at $20,241,687 in the last 90 days. 2.37% of the stock is currently owned by corporate insiders.

GrubHub Inc (NYSE GRUB) opened at $68.22 on Friday. GrubHub Inc has a twelve month low of $32.43 and a twelve month high of $70.15. The company has a market capitalization of $5,976.72, a PE ratio of 79.24, a PEG ratio of 3.78 and a beta of 1.67.

GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a return on equity of 7.45% and a net margin of 9.60%. The company had revenue of $163.10 million during the quarter, compared to analyst estimates of $159.63 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. GrubHub’s revenue was up 32.1% on a year-over-year basis. analysts anticipate that GrubHub Inc will post 0.89 earnings per share for the current fiscal year.

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GrubHub Company Profile

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.

Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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