GrubHub Inc (GRUB) Stake Lifted by Xact Kapitalforvaltning AB

Saturday, June 30 2018

GrubHub Inc (GRUB) Stake Lifted by Xact Kapitalforvaltning AB

Posted by Susan Goodwin on Jun 30th, 2018 // No Comments
Xact Kapitalforvaltning AB lifted its holdings in GrubHub Inc (NYSE:GRUB) by 43.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,881 shares of the information services provider’s stock after purchasing an additional 3,300 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in GrubHub were worth $1,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of GrubHub by 13.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,843 shares of the information services provider’s stock worth $491,000 after acquiring an additional 575 shares during the period. Amalgamated Bank grew its holdings in shares of GrubHub by 6.9% in the fourth quarter. Amalgamated Bank now owns 11,701 shares of the information services provider’s stock worth $840,000 after acquiring an additional 759 shares during the period. Advisor Group Inc. grew its holdings in shares of GrubHub by 20.5% in the fourth quarter. Advisor Group Inc. now owns 5,385 shares of the information services provider’s stock worth $386,000 after acquiring an additional 917 shares during the period. Signaturefd LLC bought a new stake in shares of GrubHub in the first quarter worth $101,000. Finally, Bayesian Capital Management LP grew its holdings in shares of GrubHub by 7.3% in the first quarter. Bayesian Capital Management LP now owns 16,100 shares of the information services provider’s stock worth $1,634,000 after acquiring an additional 1,100 shares during the period. Get GrubHub alerts:
NYSE GRUB opened at $104.91 on Friday. The stock has a market capitalization of $9.53 billion, a PE ratio of 88.72, a price-to-earnings-growth ratio of 3.35 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.10 and a quick ratio of 2.10. GrubHub Inc has a twelve month low of $42.42 and a twelve month high of $120.07. GrubHub (NYSE:GRUB) last released its quarterly earnings data on Tuesday, May 1st. The information services provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.25. The firm had revenue of $232.60 million during the quarter, compared to analyst estimates of $229.22 million. GrubHub had a return on equity of 9.73% and a net margin of 14.75%. The business’s quarterly revenue was up 49.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. equities research analysts predict that GrubHub Inc will post 1.31 earnings per share for the current fiscal year.
Several analysts recently commented on GRUB shares. Citigroup lifted their price objective on GrubHub to $110.00 and gave the stock a “neutral” rating in a report on Thursday, April 12th. They noted that the move was a valuation call. Canaccord Genuity reissued a “buy” rating and set a $130.00 price target on shares of GrubHub in a report on Thursday, May 31st. Craig Hallum boosted their price target on GrubHub from $110.00 to $140.00 and gave the company a “buy” rating in a report on Monday, June 18th. Mizuho set a $115.00 price target on GrubHub and gave the company a “buy” rating in a report on Tuesday, May 22nd. Finally, Bank of America lowered 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. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $97.94.
In other news, SVP Margo Drucker sold 1,641 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $100.32, for a total value of $164,625.12. Following the completion of the transaction, the senior vice president now owns 891 shares of the company’s stock, valued at $89,385.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink . Also, Director Keith Richman sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $93.95, for a total value of $939,500.00. Following the completion of the transaction, the director now directly owns 11,528 shares of the company’s stock, valued at approximately $1,083,055.60. The disclosure for this sale can be found here . In the last ninety days, insiders sold 88,259 shares of company stock valued at $8,943,045. Corporate insiders own 2.37% of the company’s stock.
GrubHub 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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