Penserra Capital Management LLC Has $43 Million Position in GrubHub Inc (GRUB)

Penserra Capital Management LLC increased its holdings in GrubHub Inc (NYSE:GRUB) by 9.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 310,223 shares of the information services provider’s stock after purchasing an additional 26,161 shares during the quarter. GrubHub accounts for about 2.6% of Penserra Capital Management LLC’s holdings, making the stock its biggest holding. Penserra Capital Management LLC’s holdings in GrubHub were worth $43,002,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Baillie Gifford & Co. grew its holdings in GrubHub by 7.4% in the second quarter. Baillie Gifford & Co. now owns 9,304,281 shares of the information services provider’s stock worth $976,111,000 after purchasing an additional 638,210 shares during the last quarter. Lansdowne Partners UK LLP grew its holdings in GrubHub by 218.8% in the second quarter. Lansdowne Partners UK LLP now owns 2,034,672 shares of the information services provider’s stock worth $213,454,000 after purchasing an additional 1,396,482 shares during the last quarter. First Trust Advisors LP grew its holdings in GrubHub by 7.9% in the third quarter. First Trust Advisors LP now owns 1,934,683 shares of the information services provider’s stock worth $268,186,000 after purchasing an additional 141,266 shares during the last quarter. FMR LLC grew its holdings in GrubHub by 3.4% in the second quarter. FMR LLC now owns 1,361,927 shares of the information services provider’s stock worth $142,880,000 after purchasing an additional 44,626 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in GrubHub by 0.4% in the second quarter. Janus Henderson Group PLC now owns 530,618 shares of the information services provider’s stock worth $55,667,000 after purchasing an additional 2,154 shares during the last quarter. 99.30% of the stock is owned by institutional investors.

GRUB has been the topic of several analyst reports. Zacks Investment Research lowered shares of GrubHub from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Argus boosted their price objective on shares of GrubHub from $150.00 to $170.00 and gave the company a “buy” rating in a report on Friday, September 14th. They noted that the move was a valuation call. TheStreet lowered shares of GrubHub from a “b” rating to a “c+” rating in a report on Monday, October 29th. Wedbush began coverage on shares of GrubHub in a report on Thursday, September 13th. They set an “outperform” rating and a $180.00 price objective on the stock. Finally, Credit Suisse Group boosted their price objective on shares of GrubHub from $121.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. GrubHub has a consensus rating of “Buy” and a consensus price target of $132.10.

In other GrubHub news, COO Stanley Chia sold 3,528 shares of the company’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $143.78, for a total value of $507,255.84. Following the sale, the chief operating officer now directly owns 2,194 shares of the company’s stock, valued at $315,453.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Maria Belousova sold 2,752 shares of the company’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $92.25, for a total transaction of $253,872.00. Following the completion of the sale, the chief technology officer now directly owns 857 shares in the company, valued at $79,058.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,479 shares of company stock worth $11,141,941. 2.37% of the stock is owned by corporate insiders.

NYSE:GRUB opened at $94.12 on Thursday. GrubHub Inc has a one year low of $60.45 and a one year high of $149.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 96.04, a price-to-earnings-growth ratio of 2.80 and a beta of 1.61.

GrubHub (NYSE:GRUB) last posted its quarterly earnings results on Thursday, October 25th. The information services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.31 by $0.14. GrubHub had a net margin of 14.83% and a return on equity of 11.09%. The company had revenue of $247.23 million for the quarter, compared to analyst estimates of $238.19 million. Sell-side analysts anticipate that GrubHub Inc will post 1.29 earnings per share for the current year.

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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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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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