Parametric Portfolio Associates LLC Raises Holdings in GrubHub Inc (GRUB)

Parametric Portfolio Associates LLC boosted its position in shares of GrubHub Inc (NASDAQ:GRUB) by 12.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 132,825 shares of the information services provider’s stock after acquiring an additional 14,958 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.15% of GrubHub worth $5,791,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Advisor Group Inc. lifted its position in GrubHub by 6,155.8% during the 2nd quarter. Advisor Group Inc. now owns 5,943 shares of the information services provider’s stock worth $259,000 after acquiring an additional 5,848 shares during the period. California Public Employees Retirement System raised its stake in shares of GrubHub by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 158,100 shares of the information services provider’s stock valued at $6,893,000 after buying an additional 3,400 shares during the last quarter. FIL Ltd purchased a new position in shares of GrubHub during the 2nd quarter valued at about $16,602,000. Vanguard Group Inc. raised its stake in shares of 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 during the last quarter. Finally, Northern Trust Corp raised its stake in shares of GrubHub by 7.4% during the 2nd quarter. Northern Trust Corp now owns 1,118,597 shares of the information services provider’s stock valued at $48,770,000 after buying an additional 77,354 shares during the last quarter.

In other news, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $51.13, for a total transaction of $255,650.00. Following the completion of the transaction, the chief financial officer now directly owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stanley Chia sold 822 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.65, for a total transaction of $38,346.30. Following the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $56,679.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 388,274 shares of company stock valued at $20,607,580.

Shares of GrubHub Inc (GRUB) opened at 52.34 on Friday. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $57.61. The stock has a market capitalization of $4.52 billion and a price-to-earnings ratio of 76.97. The firm’s 50-day moving average price is $53.34 and its 200 day moving average price is $47.05.

GrubHub (NASDAQ:GRUB) last issued its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The company had revenue of $158.79 million during the quarter, compared to analysts’ expectations of $158.13 million. Equities research analysts expect that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.

A number of research firms have weighed in on GRUB. Canaccord Genuity reiterated a “buy” rating and set a $50.00 price objective on shares of GrubHub in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company reiterated an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a research note on Wednesday, August 9th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price objective (down previously from $63.00) on shares of GrubHub in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.09.

TRADEMARK VIOLATION WARNING: “Parametric Portfolio Associates LLC Raises Holdings in GrubHub Inc (GRUB)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violati

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Advisor Group Inc. lifted its position in GrubHub by 6,155.8% during the 2nd quarter. Advisor Group Inc. now owns 5,943 shares of the information services provider’s stock worth $259,000 after acquiring an additional 5,848 shares during the period. California Public Employees Retirement System raised its stake in shares of GrubHub by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 158,100 shares of the information services provider’s stock valued at $6,893,000 after buying an additional 3,400 shares during the last quarter. FIL Ltd purchased a new position in shares of GrubHub during the 2nd quarter valued at about $16,602,000. Vanguard Group Inc. raised its stake in shares of 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 during the last quarter. Finally, Northern Trust Corp raised its stake in shares of GrubHub by 7.4% during the 2nd quarter. Northern Trust Corp now owns 1,118,597 shares of the information services provider’s stock valued at $48,770,000 after buying an additional 77,354 shares during the last quarter.

In other news, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $51.13, for a total transaction of $255,650.00. Following the completion of the transaction, the chief financial officer now directly owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stanley Chia sold 822 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $46.65, for a total transaction of $38,346.30. Following the transaction, the chief operating officer now directly owns 1,215 shares of the company’s stock, valued at $56,679.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 388,274 shares of company stock valued at $20,607,580.

Shares of GrubHub Inc (GRUB) opened at 52.34 on Friday. GrubHub Inc has a 1-year low of $32.43 and a 1-year high of $57.61. The stock has a market capitalization of $4.52 billion and a price-to-earnings ratio of 76.97. The firm’s 50-day moving average price is $53.34 and its 200 day moving average price is $47.05.

GrubHub (NASDAQ:GRUB) last issued its earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The company had revenue of $158.79 million during the quarter, compared to analysts’ expectations of $158.13 million. Equities research analysts expect that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.

A number of research firms have weighed in on GRUB. Canaccord Genuity reiterated a “buy” rating and set a $50.00 price objective on shares of GrubHub in a research note on Thursday, August 10th. Stifel Nicolaus reiterated a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. BidaskClub upgraded GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company reiterated an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a research note on Wednesday, August 9th. Finally, Wedbush reiterated an “outperform” rating and set a $60.00 price objective (down previously from $63.00) on shares of GrubHub in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $54.09.

TRADEMARK VIOLATION WARNING: “Parametric Portfolio Associates LLC Raises Holdings in GrubHub Inc (GRUB)” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/22/parametric-portfolio-associates-llc-raises-holdings-in-grubhub-inc-grub.html.

About GrubHub

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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Institutional Ownership by Quarter for GrubHub (NASDAQ:GRUB)

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