Navellier & Associates Inc trimmed its stake in shares of GrubHub Inc (NASDAQ:GRUB) by 15.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,477 shares of the information services provider’s stock after selling 1,667 shares during the quarter. Navellier & Associates Inc’s holdings in GrubHub were worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Caledonia Private Investments Pty Ltd grew its position in GrubHub by 3.4% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 9,911,910 shares of the information services provider’s stock worth $432,159,000 after acquiring an additional 329,401 shares during the last quarter. Baillie Gifford & Co. grew its position in GrubHub by 1.7% during the 2nd quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after acquiring an additional 142,445 shares during the last quarter. Vanguard Group Inc. grew its position in GrubHub by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after acquiring an additional 203,802 shares during the last quarter. BlackRock Inc. grew its position in GrubHub by 4.3% during the 2nd quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock worth $230,935,000 after acquiring an additional 216,307 shares during the last quarter. Finally, Carmignac Gestion grew its position in GrubHub by 55.4% during the 2nd quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock worth $216,977,000 after acquiring an additional 1,773,959 shares during the last quarter.

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In related news, COO Stanley Chia sold 822 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $46.65, for a total value of $38,346.30. Following the completion of the transaction, the chief operating officer now owns 1,215 shares in the company, valued at approximately $56,679.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Adam Dewitt sold 5,000 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $51.13, for a total value of $255,650.00. Following the completion of the transaction, the chief financial officer now owns 20,114 shares of the company’s stock, valued at approximately $1,028,428.82. The disclosure for this sale can be found here. Insiders sold a total of 388,274 shares of company stock valued at $20,607,580 in the last 90 days.

GrubHub Inc (NASDAQ GRUB) traded down 0.77% on Thursday, hitting $51.60. The stock had a trading volume of 134,092 shares. The company has a 50-day moving average price of $53.60 and a 200 day moving average price of $46.88. The firm has a market cap of $4.46 billion and a PE ratio of 75.88. GrubHub Inc has a 52-week low of $32.43 and a 52-week high of $57.61.

GrubHub (NASDAQ:GRUB) last issued its quarterly earnings data on Thursday, August 3rd. The information services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. GrubHub had a return on equity of 5.84% and a net margin of 9.29%. The firm had revenue of $158.79 million during the quarter, compared to analyst estimates of $158.13 million. Equities analysts forecast that GrubHub Inc will post $1.09 earnings per share for the current fiscal year.

GRUB has been the topic of several recent research reports. Morgan Stanley lowered GrubHub from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $47.00 to $43.00 in a research report on Monday, June 26th. Pacific Crest restated an “overweight” rating and set a $50.00 price target on shares of GrubHub in a research report on Wednesday, June 28th. Cowen and Company upgraded GrubHub from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research report on Wednesday, July 12th. Vetr upgraded GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 price target on the stock in a research report on Monday, July 17th. Finally, Roth Capital raised their price target on GrubHub from $47.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. 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 stock has a consensus rating of “Buy” and an average price target of $54.09.

GrubHub Profile

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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Institutional Ownership by Quarter for GrubHub (NASDAQ:GRUB)

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