Nissay Asset Management Corp Japan ADV Has $524,000 Holdings in GrubHub Inc (GRUB)

Nissay Asset Management Corp Japan ADV raised its stake in GrubHub Inc (NYSE:GRUB) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,537 shares of the information services provider’s stock after buying an additional 343 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in GrubHub were worth $524,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GRUB. Carmignac Gestion grew its holdings in GrubHub by 88.8% in the 4th quarter. Carmignac Gestion now owns 2,400,433 shares of the information services provider’s stock valued at $184,377,000 after buying an additional 1,129,108 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in GrubHub by 310.8% in the 4th quarter. Bank of New York Mellon Corp now owns 1,365,262 shares of the information services provider’s stock valued at $104,866,000 after buying an additional 1,032,907 shares in the last quarter. FMR LLC grew its holdings in GrubHub by 83.4% in the 4th quarter. FMR LLC now owns 1,898,751 shares of the information services provider’s stock valued at $145,843,000 after buying an additional 863,674 shares in the last quarter. Baillie Gifford & Co. grew its holdings in GrubHub by 9.6% in the 4th quarter. Baillie Gifford & Co. now owns 9,352,030 shares of the information services provider’s stock valued at $718,330,000 after buying an additional 821,632 shares in the last quarter. Finally, Norges Bank purchased a new stake in GrubHub in the 4th quarter valued at $43,301,000.

In related news, insider Samuel Pike Hall sold 2,818 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $75.00, for a total transaction of $211,350.00. Following the completion of the transaction, the insider now directly owns 940 shares in the company, valued at approximately $70,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew M. Maloney bought 15,416 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $64.87 per share, with a total value of $1,000,035.92. Following the completion of the acquisition, the chief executive officer now directly owns 13,621 shares in the company, valued at $883,594.27. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,544 shares of company stock valued at $266,221. Company insiders own 1.88% of the company’s stock.

Several analysts have issued reports on GRUB shares. Wedbush restated an “outperform” rating on shares of GrubHub in a report on Monday, April 29th. Roth Capital cut GrubHub from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. Credit Suisse Group upgraded GrubHub from a “neutral” rating to an “outperform” rating and upped their target price for the company from $125.00 to $130.00 in a report on Monday, January 28th. Argus cut GrubHub from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Barclays dropped their target price on GrubHub to $72.00 and set an “underweight” rating for the company in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. GrubHub has a consensus rating of “Buy” and an average target price of $113.91.

NYSE GRUB opened at $66.59 on Wednesday. The firm has a market cap of $5.76 billion, a PE ratio of 54.14, a price-to-earnings-growth ratio of 3.36 and a beta of 1.18. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.51 and a quick ratio of 1.63. GrubHub Inc has a twelve month low of $60.20 and a twelve month high of $149.35.

GrubHub (NYSE:GRUB) last released its quarterly earnings results on Thursday, April 25th. The information services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.19. The business had revenue of $323.77 million during the quarter, compared to analysts’ expectations of $322.23 million. GrubHub had a return on equity of 6.14% and a net margin of 4.97%. The company’s revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS. As a group, equities analysts expect that GrubHub Inc will post 0.79 earnings per share for the current year.

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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 105,000 local restaurants with diners with diners in various cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites; and operates Websites through grubhub.com, seamless.com, eat24.com, and menupages.com.

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Institutional Ownership by Quarter for GrubHub (NYSE:GRUB)

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