United Services Automobile Association lowered its position in GrubHub Inc (NASDAQ:GRUB) by 4.5% during the first quarter, Holdings Channel reports. The firm owned 102,225 shares of the information services provider’s stock after selling 4,835 shares during the period. United Services Automobile Association’s holdings in GrubHub were worth $3,362,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp acquired a new position in shares of GrubHub during the first quarter worth $214,000. Juncture Wealth Strategies LLC acquired a new position in shares of GrubHub during the first quarter worth $234,000. Prudential Financial Inc. increased its position in shares of GrubHub by 22.5% in the first quarter. Prudential Financial Inc. now owns 7,300 shares of the information services provider’s stock worth $240,000 after buying an additional 1,340 shares during the period. Stifel Financial Corp acquired a new position in shares of GrubHub during the first quarter worth $252,000. Finally, Teza Capital Management LLC acquired a new position in shares of GrubHub during the first quarter worth $257,000.

Institutional Ownership by Quarter for GrubHub (NASDAQ:GRUB)

Shares of GrubHub Inc (GRUB) traded up 1.15% on Tuesday, hitting $45.86. 611,319 shares of the stock traded hands. The firm has a market cap of $3.95 billion and a P/E ratio of 69.48. The stock has a 50-day moving average price of $43.99 and a 200 day moving average price of $38.59. GrubHub Inc has a 52 week low of $28.36 and a 52 week high of $46.83.

GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, April 27th. The information services provider reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.10. GrubHub had a net margin of 11.35% and a return on equity of 7.21%. The firm had revenue of $156.10 million during the quarter, compared to the consensus estimate of $152.97 million. During the same period last year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 39.1% compared to the same quarter last year. Equities research analysts predict that GrubHub Inc will post $1.13 EPS for the current fiscal year.

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A number of brokerages have weighed in on GRUB. Cowen and Company reissued a “hold” rating on shares of GrubHub in a research report on Sunday, April 30th. Wells Fargo & Co began coverage on GrubHub in a research report on Thursday, June 15th. They set a “market perform” rating and a $45.00 price target on the stock. Wedbush set a $50.00 price target on GrubHub and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity restated a “buy” rating and set a $47.00 price objective on shares of GrubHub in a report on Thursday, May 25th. Finally, Roth Capital restated a “buy” rating on shares of GrubHub in a report on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. GrubHub presently has an average rating of “Buy” and a consensus target price of $44.21.

In other news, CEO Matthew M. Maloney sold 6,250 shares of GrubHub stock in a transaction on Monday, March 27th. The shares were sold at an average price of $33.10, for a total transaction of $206,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Margo Drucker sold 1,054 shares of GrubHub stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $33.02, for a total transaction of $34,803.08. Following the sale, the senior vice president now directly owns 1,291 shares of the company’s stock, valued at $42,628.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 244,439 shares of company stock valued at $10,507,486.

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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