Grubhub INC (GRUB) Shareholder Quantitative Investment Management LLC Has Upped Holding

Quantitative Investment Management Llc increased its stake in Grubhub Inc (GRUB) by 527.66% based on its latest 2019Q2 regulatory filing with the SEC. Quantitative Investment Management Llc bought 331,900 shares as the company’s stock declined 5.29% . The hedge fund held 394,800 shares of the business services company at the end of 2019Q2, valued at $20.79 million, up from 62,900 at the end of the previous reported quarter. Quantitative Investment Management Llc who had been investing in Grubhub Inc for a number of months, seems to be bullish on the $5.04 billion market cap company. The stock increased 2.84% or $1.52 during the last trading session, reaching $55.12. About 1.55 million shares traded. Grubhub Inc. (NYSE:GRUB) has declined 45.58% since October 12, 2018 and is downtrending. It has underperformed by 45.58% the S&P500.

Quantitative Investment Management Llc, which manages about $1.89 billion and $8.76 billion US Long portfolio, decreased its stake in Thor Industries Inc (NYSE:THO) by 45,100 shares to 32,500 shares, valued at $4.09M in 2019Q2, according to the filing. It also reduced its holding in Time Warner Inc (NYSE:TWX) by 203,900 shares in the quarter, leaving it with 142,200 shares, and cut its stake in Grupo Televisa S.A. (NYSE:TV).

More notable recent Grubhub Inc. (NYSE:GRUB) news were published by: Finance.Yahoo.com which released: “The Grubhub (NYSE:GRUB) Share Price Is Up 128% And Shareholders Are Boasting About It – Yahoo Finance” on June 01, 2019, also Finance.Yahoo.com with their article: “What Does Grubhub Inc.’s (NYSE:GRUB) Share Price Indicate? – Yahoo Finance” published on May 01, 2019, Finance.Yahoo.com published: “Bulls And Bears Of The Week: Alibaba, Costco, GE, US Steel And More – Yahoo Finance” on September 22, 2019. More interesting news about Grubhub Inc. (NYSE:GRUB) were released by: Benzinga.com and their article: “Despite Lackluster Quarter, Sell-Side Says Domino’s Will Eventually Beat Back New Third-Party Delivery Competition – Benzinga” published on October 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “Should Grubhub Inc.’s (NYSE:GRUB) Weak Investment Returns Worry You? – Yahoo Finance” with publication date: October 07, 2019.

Grubhub Inc. (NYSE:GRUB) Ratings Coverage

Among 5 analysts covering GrubHub (NYSE:GRUB), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. GrubHub has $13300 highest and $6800 lowest target. $92.40’s average target is 67.63% above currents $55.12 stock price. GrubHub had 11 analyst reports since April 23, 2019 according to SRatingsIntel. Citigroup upgraded it to “Buy” rating and $9100 target in Tuesday, June 25 report. Credit Suisse maintained the shares of GRUB in report on Friday, July 26 with “Outperform” rating. The company was maintained on Wednesday, July 31 by Credit Suisse. The stock of Grubhub Inc. (NYSE:GRUB) earned “Outperform” rating by Cowen & Co on Tuesday, September 10. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, July 31.

Grubhub Inc. (NYSE:GRUB) Ratings Chart

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