Lansdowne Partners UK LLP Acquires 1,396,482 Shares of GrubHub Inc (GRUB)

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Lansdowne Partners UK LLP boosted its holdings in GrubHub Inc (NYSE:GRUB) by 218.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,034,672 shares of the information services provider’s stock after purchasing an additional 1,396,482 shares during the period. GrubHub makes up 2.0% of Lansdowne Partners UK LLP’s portfolio, making the stock its 13th largest position. Lansdowne Partners UK LLP’s holdings in GrubHub were worth $213,454,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GRUB. Caledonia Private Investments Pty Ltd raised its stake in GrubHub by 0.9% in the first quarter. Caledonia Private Investments Pty Ltd now owns 11,254,626 shares of the information services provider’s stock worth $1,142,007,000 after buying an additional 97,422 shares in the last quarter. Baillie Gifford & Co. raised its stake 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 buying an additional 638,210 shares in the last quarter. BlackRock Inc. raised its stake in GrubHub by 4.7% in the first quarter. BlackRock Inc. now owns 5,737,439 shares of the information services provider’s stock worth $582,177,000 after buying an additional 260,107 shares in the last quarter. First Trust Advisors LP raised its stake in GrubHub by 11.2% in the second quarter. First Trust Advisors LP now owns 1,793,417 shares of the information services provider’s stock worth $188,147,000 after buying an additional 181,238 shares in the last quarter. Finally, FMR LLC raised its stake 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 buying an additional 44,626 shares in the last quarter. 99.86% of the stock is owned by institutional investors and hedge funds.

In other news, Director Linda Johnson Rice sold 359 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $127.51, for a total transaction of $45,776.09. Following the sale, the director now owns 359 shares in the company, valued at $45,776.09. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Margo Drucker sold 994 shares of the stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $115.70, for a total transaction of $115,005.80. Following the sale, the senior vice president now owns 1,094 shares in the company, valued at approximately $126,575.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,380 shares of company stock worth $11,789,286. Corporate insiders own 2.37% of the company’s stock.

Shares of GRUB opened at $137.62 on Thursday. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 140.43, a price-to-earnings-growth ratio of 3.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.43 and a current ratio of 3.43. GrubHub Inc has a fifty-two week low of $49.60 and a fifty-two week high of $145.37.

GrubHub (NYSE:GRUB) last announced its quarterly earnings data on Wednesday, July 25th. The information services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.19. The business had revenue of $239.70 million for the quarter, compared to analysts’ expectations of $233.05 million. GrubHub had a net margin of 15.16% and a return on equity of 10.52%. The business’s revenue was up 50.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. equities analysts predict that GrubHub Inc will post 1.5 earnings per share for the current year.

A number of research firms recently issued reports on GRUB. Barclays reissued a “sell” rating and issued a $110.00 price target on shares of GrubHub in a research note on Friday, July 27th. Stephens increased their price target on shares of GrubHub from $120.00 to $155.00 and gave the stock a “positive” rating in a research note on Thursday, July 26th. Oppenheimer increased their price target on shares of GrubHub in a research note on Thursday, July 26th. Zacks Investment Research raised shares of GrubHub from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research note on Tuesday, July 3rd. Finally, Roth Capital increased their price target on shares of GrubHub from $100.00 to $130.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $125.67.

About GrubHub

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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