Maverick Capital Ltd. purchased a new position in GrubHub Inc (NASDAQ:GRUB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,170 shares of the information services provider’s stock, valued at approximately $1,315,000.
Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of GrubHub by 11.7% in the second quarter. Bank of New York Mellon Corp now owns 736,610 shares of the information services provider’s stock worth $32,116,000 after acquiring an additional 77,237 shares during the period. Geneva Advisors LLC bought a new position in shares of GrubHub in the second quarter worth $622,000. Oppenheimer & Co. Inc. bought a new position in shares of GrubHub in the first quarter worth $531,000. Delta Lloyd Asset Management N.V. bought a new position in shares of GrubHub in the second quarter worth $2,126,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of GrubHub in the first quarter worth $949,000.
In related news, CEO Matthew M. Maloney sold 6,250 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $51.37, for a total transaction of $321,062.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Margo Drucker sold 1,736 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $47.18, for a total transaction of $81,904.48. Following the transaction, the senior vice president now owns 1,292 shares in the company, valued at $60,956.56. The disclosure for this sale can be found here. Insiders have sold 383,274 shares of company stock worth $20,351,930 over the last 90 days.
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GrubHub Inc (GRUB) traded up 0.80% during mid-day trading on Tuesday, reaching $51.55. The company’s stock had a trading volume of 106,261 shares. GrubHub Inc has a one year low of $32.43 and a one year high of $57.61. The firm’s 50 day moving average is $53.83 and its 200-day moving average is $46.58. The stock has a market cap of $4.45 billion and a P/E ratio of 75.81.
GrubHub (NASDAQ:GRUB) last posted its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $158.79 million for the quarter, compared to analyst estimates of $158.13 million. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. Equities analysts expect that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $50.00 price target on shares of GrubHub in a report on Thursday, August 10th. Stifel Nicolaus reissued a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of GrubHub in a research note on Wednesday, August 9th. BidaskClub raised GrubHub from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Cowen and Company reissued an “outperform” rating and set a $54.00 price objective on shares of GrubHub in a research note on Wednesday, August 9th. Finally, Wedbush reissued an “outperform” rating and set a $60.00 price objective (down previously from $63.00) on shares of GrubHub in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $53.74.
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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