Oppenheimer & Co. Inc. reduced its stake in shares of GrubHub Inc (NYSE:GRUB) by 92.6% in the 4th quarter, Holdings Channel reports. The firm owned 2,948 shares of the information services provider’s stock after selling 36,648 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in GrubHub were worth $226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also made changes to their positions in the business. Massey Quick Simon & CO. LLC increased its holdings in GrubHub by 20.0% in the 4th quarter. Massey Quick Simon & CO. LLC now owns 1,117 shares of the information services provider’s stock valued at $86,000 after buying an additional 186 shares during the period. Private Vista LLC increased its holdings in GrubHub by 8.0% in the 4th quarter. Private Vista LLC now owns 2,930 shares of the information services provider’s stock valued at $225,000 after buying an additional 216 shares during the period. Mitchell Capital Management Co. increased its holdings in GrubHub by 2.5% in the 3rd quarter. Mitchell Capital Management Co. now owns 22,367 shares of the information services provider’s stock valued at $3,101,000 after buying an additional 543 shares during the period. United Services Automobile Association increased its holdings in GrubHub by 4.4% in the 3rd quarter. United Services Automobile Association now owns 15,170 shares of the information services provider’s stock valued at $2,103,000 after buying an additional 640 shares during the period. Finally, Alpine Global Management LLC increased its holdings in GrubHub by 34.9% in the 3rd quarter. Alpine Global Management LLC now owns 2,621 shares of the information services provider’s stock valued at $363,000 after buying an additional 678 shares during the period. 92.63% of the stock is currently owned by hedge funds and other institutional investors.
In other GrubHub news, CTO Maria Belousova sold 819 shares of the stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $81.49, for a total transaction of $66,740.31. Following the sale, the chief technology officer now owns 857 shares of the company’s stock, valued at approximately $69,836.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 9,801 shares of company stock worth $773,267. Insiders own 1.59% of the company’s stock.
GrubHub (NYSE:GRUB) last issued its quarterly earnings data on Thursday, February 7th. The information services provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03. GrubHub had a net margin of 7.79% and a return on equity of 8.43%. The firm had revenue of $287.72 million for the quarter, compared to analyst estimates of $290.43 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The company’s revenue was up 40.3% on a year-over-year basis. Analysts expect that GrubHub Inc will post 1.42 earnings per share for the current year.
Several equities research analysts have issued reports on GRUB shares. KeyCorp started coverage on shares of GrubHub in a report on Thursday, December 20th. They issued a “sector weight” rating on the stock. Wells Fargo & Co set a $85.00 price target on shares of GrubHub and gave the company a “market perform” rating in a report on Wednesday, January 16th. ValuEngine lowered shares of GrubHub from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Goldman Sachs Group raised shares of GrubHub from a “buy” rating to a “conviction-buy” rating in a report on Friday, October 26th. Finally, Barclays lowered their price target on shares of GrubHub from $72.00 to $68.00 and set an “underweight” rating on the stock in a report on Friday, February 8th. 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 issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $119.82.
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GrubHub Company 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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