GrubHub Inc (GRUB) COO Sells $34,552.65 in Stock
GrubHub Inc (NASDAQ:GRUB) COO Stanley Chia sold 645 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $53.57, for a total transaction of $34,552.65. Following the transaction, the chief operating officer now directly owns 1,215 shares in the company, valued at approximately $65,087.55. The transaction was disclosed in a filing with the SEC, which is available through this link.
Stanley Chia also recently made the following trade(s):
- On Wednesday, September 6th, Stanley Chia sold 705 shares of GrubHub stock. The shares were sold at an average price of $56.66, for a total value of $39,945.30.
- On Friday, August 25th, Stanley Chia sold 4,671 shares of GrubHub stock. The shares were sold at an average price of $54.17, for a total value of $253,028.07.
- On Thursday, August 3rd, Stanley Chia sold 822 shares of GrubHub stock. The shares were sold at an average price of $46.65, for a total value of $38,346.30.
- On Wednesday, July 5th, Stanley Chia sold 837 shares of GrubHub stock. The stock was sold at an average price of $43.54, for a total value of $36,442.98.
Shares of GrubHub Inc (NASDAQ GRUB) traded up 1.04% during midday trading on Tuesday, hitting $54.23. The stock had a trading volume of 1,180,112 shares. The stock’s 50-day moving average is $54.36 and its 200-day moving average is $45.52. The stock has a market cap of $4.69 billion and a PE ratio of 79.75. GrubHub Inc has a 12 month low of $32.43 and a 12 month high of $57.61.
GrubHub (NASDAQ:GRUB) last announced its quarterly earnings results on Thursday, August 3rd. The information services provider reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. GrubHub had a net margin of 9.29% and a return on equity of 5.84%. The company had revenue of $158.79 million during the quarter, compared to the consensus estimate of $158.13 million. Equities analysts anticipate that GrubHub Inc will post $1.09 EPS for the current year.
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Several research analysts have issued reports on the company. Vetr upgraded GrubHub from a “sell” rating to a “strong-buy” rating and set a $62.06 price target on the stock in a report on Monday, July 17th. Roth Capital boosted their price objective on GrubHub from $47.00 to $55.00 and gave the company a “buy” rating in a report on Monday, July 17th. Bank of America Corporation boosted their price objective on GrubHub from $54.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. Zacks Investment Research upgraded GrubHub from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, June 27th. Finally, Credit Suisse Group lowered GrubHub from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $50.00 to $53.00 in a research report on Monday, September 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $53.42.
A number of institutional investors and hedge funds have recently modified their holdings of GRUB. Caledonia Private Investments Pty Ltd increased its holdings in shares of GrubHub by 3.4% in 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 purchasing an additional 329,401 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of GrubHub by 1.7% in the second quarter. Baillie Gifford & Co. now owns 8,385,444 shares of the information services provider’s stock worth $365,605,000 after purchasing an additional 142,445 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of GrubHub by 3.0% in the second quarter. Vanguard Group Inc. now owns 6,952,748 shares of the information services provider’s stock worth $303,139,000 after purchasing an additional 203,802 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of GrubHub by 4.3% during the second quarter. BlackRock Inc. now owns 5,296,672 shares of the information services provider’s stock valued at $230,935,000 after purchasing an additional 216,307 shares in the last quarter. Finally, Carmignac Gestion lifted its holdings in shares of GrubHub by 55.4% during the second quarter. Carmignac Gestion now owns 4,976,545 shares of the information services provider’s stock valued at $216,977,000 after purchasing an additional 1,773,959 shares in the last quarter.
GrubHub Company 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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