AXA raised its stake in Grubhub (NYSE:GRUB) by 39.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,000 shares of the information services provider’s stock after acquiring an additional 17,500 shares during the period. AXA owned approximately 0.07% of Grubhub worth $4,452,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GRUB. Geode Capital Management LLC boosted its position in shares of Grubhub by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 710,151 shares of the information services provider’s stock valued at $50,988,000 after buying an additional 9,176 shares during the last quarter. Lansdowne Partners UK LLP purchased a new stake in shares of Grubhub during the fourth quarter valued at $1,124,000. Reliance Trust Co. of Delaware purchased a new stake in shares of Grubhub during the fourth quarter valued at $208,000. Allianz Asset Management GmbH purchased a new stake in shares of Grubhub during the fourth quarter valued at $2,663,000. Finally, Amalgamated Bank boosted its position in shares of Grubhub by 6.9% during the fourth quarter. Amalgamated Bank now owns 11,701 shares of the information services provider’s stock valued at $840,000 after buying an additional 759 shares during the last quarter.
NYSE GRUB traded down $3.09 during trading on Friday, hitting $97.09. 1,553,628 shares of the stock traded hands, compared to its average volume of 1,658,986. The stock has a market capitalization of $8,465.67, a PE ratio of 99.07, a P/E/G ratio of 3.62 and a beta of 0.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.07 and a quick ratio of 2.07. Grubhub has a 12-month low of $33.06 and a 12-month high of $112.41.
Grubhub (NYSE:GRUB) last announced its earnings results on Thursday, February 8th. The information services provider reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.07. Grubhub had a return on equity of 8.29% and a net margin of 14.49%. The firm had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $201.55 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s quarterly revenue was up 49.2% on a year-over-year basis. analysts anticipate that Grubhub will post 1.16 EPS for the current fiscal year.
A number of research analysts have weighed in on the company. KeyCorp set a $80.00 target price on Grubhub and gave the company a “buy” rating in a report on Monday, December 11th. Barclays downgraded Grubhub from an “equal weight” rating to an “underweight” rating and set a $56.00 target price on the stock. in a report on Tuesday, January 30th. Zacks Investment Research raised Grubhub from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, January 9th. Bank of America downgraded Grubhub from a “buy” rating to a “neutral” rating in a report on Tuesday, March 6th. They noted that the move was a valuation call. Finally, ValuEngine raised Grubhub from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Grubhub has a consensus rating of “Hold” and an average target price of $75.82.
In related news, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $71.20, for a total transaction of $356,000.00. Following the completion of the sale, the chief financial officer now directly owns 16,366 shares of the company’s stock, valued at approximately $1,165,259.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stanley Chia sold 22,307 shares of Grubhub stock in a transaction on Monday, February 5th. The shares were sold at an average price of $71.76, for a total value of $1,600,750.32. Following the sale, the chief operating officer now directly owns 1,216 shares of the company’s stock, valued at $87,260.16. The disclosure for this sale can be found here. Insiders have sold a total of 201,831 shares of company stock valued at $16,568,467 over the last three months. 2.37% of the stock is owned by corporate insiders.
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Grubhub Company Profile
GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.
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