Axa grew its holdings in shares of GrubHub Inc (NYSE:GRUB) by 39.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,000 shares of the information services provider’s stock after purchasing an additional 17,500 shares during the quarter. Axa owned approximately 0.07% of GrubHub worth $4,452,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in shares of GrubHub during the 3rd quarter valued at about $105,000. Bronfman E.L. Rothschild L.P. boosted its position in shares of GrubHub by 53.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,533 shares of the information services provider’s stock valued at $182,000 after acquiring an additional 885 shares during the last quarter. Comerica Bank acquired a new position in shares of GrubHub during the 3rd quarter valued at about $201,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of GrubHub during the 4th quarter valued at about $202,000. Finally, Reliance Trust Co. of Delaware acquired a new position in shares of GrubHub during the 4th quarter valued at about $208,000.
Shares of GrubHub Inc (GRUB) opened at $110.53 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $9,659.38, a PE ratio of 98.69, a price-to-earnings-growth ratio of 4.15 and a beta of 1.00. GrubHub Inc has a one year low of $32.43 and a one year high of $112.41.
GrubHub (NYSE:GRUB) last issued its quarterly earnings results on Thursday, February 8th. The information services provider reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. The company had revenue of $205.10 million for the quarter, compared to analyst estimates of $201.55 million. GrubHub had a net margin of 14.49% and a return on equity of 8.29%. The business’s revenue for the quarter was up 49.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share. sell-side analysts anticipate that GrubHub Inc will post 1.15 EPS for the current fiscal year.
Several brokerages have recently weighed in on GRUB. DA Davidson reissued a “hold” rating and set a $65.00 price target on shares of GrubHub in a research report on Thursday, February 1st. They noted that the move was a valuation call. Craig Hallum boosted their price target on shares of GrubHub from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Stifel Nicolaus boosted their price target on shares of GrubHub from $63.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Monness Crespi & Hardt boosted their price target on shares of GrubHub from $42.00 to $65.00 and gave the company a “sell” rating in a research report on Friday, February 9th. Finally, KeyCorp reissued an “overweight” rating on shares of GrubHub in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $74.07.
In other GrubHub news, CFO Adam Dewitt sold 5,000 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $72.80, for a total transaction of $364,000.00. Following the sale, the chief financial officer now directly owns 17,374 shares in the company, valued at $1,264,827.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margo Drucker sold 438 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $99.18, for a total transaction of $43,440.84. Following the sale, the senior vice president now owns 892 shares in the company, valued at $88,468.56. The disclosure for this sale can be found here. Insiders have sold 329,351 shares of company stock worth $25,178,630 over the last quarter. Insiders own 2.37% of the company’s stock.
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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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