GrubHub Inc (GRUB) Shares Sold by Hsbc Holdings PLC
Hsbc Holdings PLC decreased its position in shares of GrubHub Inc (NYSE:GRUB) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,985 shares of the information services provider’s stock after selling 1,383 shares during the period. Hsbc Holdings PLC’s holdings in GrubHub were worth $844,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pelham Capital Ltd. boosted its stake in shares of GrubHub by 17.1% in the fourth quarter. Pelham Capital Ltd. now owns 2,277,607 shares of the information services provider’s stock valued at $174,943,000 after buying an additional 332,443 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in GrubHub by 40.9% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 46,170 shares of the information services provider’s stock worth $3,546,000 after purchasing an additional 13,400 shares in the last quarter. Man Group plc raised its holdings in shares of GrubHub by 67.2% in the third quarter. Man Group plc now owns 9,020 shares of the information services provider’s stock worth $1,250,000 after acquiring an additional 3,624 shares during the last quarter. Stevens Capital Management LP raised its holdings in shares of GrubHub by 60.7% in the third quarter. Stevens Capital Management LP now owns 18,717 shares of the information services provider’s stock worth $2,595,000 after acquiring an additional 7,073 shares during the last quarter. Finally, LS Investment Advisors LLC acquired a new position in shares of GrubHub in the fourth quarter worth $64,000.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised GrubHub from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Monday, January 7th. DA Davidson cut their price target on GrubHub to $100.00 and set a “buy” rating for the company in a report on Friday, February 8th. Roth Capital upgraded GrubHub from a “neutral” rating to a “buy” rating and upped their target price for the company from $92.00 to $95.00 in a research note on Friday, February 8th. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of GrubHub in a research note on Thursday, November 29th. Finally, ValuEngine upgraded GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $119.82.
Shares of NYSE GRUB opened at $68.59 on Monday. GrubHub Inc has a 1-year low of $66.62 and a 1-year high of $149.35. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $6.24 billion, a PE ratio of 55.76, a P/E/G ratio of 3.75 and a beta of 1.26.
GrubHub (NYSE:GRUB) last issued its earnings results on Thursday, February 7th. The information services provider reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.03. GrubHub had a return on equity of 8.25% and a net margin of 7.79%. The company had revenue of $287.72 million during the quarter, compared to the consensus estimate of $290.43 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The company’s revenue was up 40.3% compared to the same quarter last year. On average, research analysts anticipate that GrubHub Inc will post 0.84 EPS for the current fiscal year.
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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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