Global X MANAGEMENT CO LLC trimmed its holdings in GrubHub Inc. (NYSE:GRUB) by 16.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 18,735 shares of the information services provider’s stock after selling 3,727 shares during the quarter. Global X MANAGEMENT CO LLC’s holdings in GrubHub were worth $987,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in GRUB. PNC Financial Services Group Inc. raised its holdings in GrubHub by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,453 shares of the information services provider’s stock valued at $108,000 after buying an additional 148 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in GrubHub by 11.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,761 shares of the information services provider’s stock valued at $120,000 after buying an additional 285 shares during the last quarter. Fortaleza Asset Management Inc. bought a new stake in GrubHub during the 2nd quarter valued at $146,000. Chicago Partners Investment Group LLC bought a new stake in GrubHub during the 2nd quarter valued at $154,000. Finally, Asset Dedication LLC bought a new stake in GrubHub during the 3rd quarter valued at $165,000.
In other GrubHub news, COO Stanley Chia sold 645 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $53.57, for a total transaction of $34,552.65. Following the sale, the chief operating officer now owns 1,215 shares in the company, valued at approximately $65,087.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew M. Maloney sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $54.09, for a total transaction of $338,062.50. The disclosure for this sale can be found here. Insiders sold a total of 384,874 shares of company stock worth $22,012,816 in the last quarter. Company insiders own 2.37% of the company’s stock.
GRUB has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of GrubHub from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. DA Davidson reissued a “hold” rating and set a $50.00 price objective (up from $48.00) on shares of GrubHub in a research report on Friday, October 27th. Wells Fargo & Company reissued a “hold” rating and set a $58.00 price objective on shares of GrubHub in a research report on Thursday, October 26th. Monness Crespi & Hardt boosted their price objective on shares of GrubHub from $35.00 to $42.00 and gave the company a “sell” rating in a research report on Thursday, October 26th. Finally, Wedbush reissued an “outperform” rating and set a $65.00 price objective (up from $60.00) on shares of GrubHub in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $58.18.
GrubHub Inc. (NYSE:GRUB) opened at $62.99 on Thursday. GrubHub Inc. has a one year low of $32.43 and a one year high of $63.81. The firm has a market cap of $5,468.69, a P/E ratio of 72.51, a PEG ratio of 3.46 and a beta of 1.64.
GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Wednesday, October 25th. The information services provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. GrubHub had a net margin of 9.60% and a return on equity of 7.45%. The firm had revenue of $163.10 million for the quarter, compared to analysts’ expectations of $159.63 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. equities analysts expect that GrubHub Inc. will post 0.88 earnings per share 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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