Quantitative Investment Management LLC Holding in Grubhub INC (GRUB) Has Increased as Share Price Declined

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 1.55M 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 $8.76B US Long portfolio, decreased its stake in Spdr Dow Jones Industrial Average Etf (DIA) by 41,600 shares to 196,900 shares, valued at $44.07 million in 2019Q2, according to the filing. It also reduced its holding in Bank Amer Corp Com (NYSE:BAC) by 342,400 shares in the quarter, leaving it with 4.13M shares, and cut its stake in Smith (A.O.) Corp (NYSE:AOS).

More notable recent Grubhub Inc. (NYSE:GRUB) news were published by: Seekingalpha.com which released: “Guggenheim slashes its GRUB target – Seeking Alpha” on September 26, 2019, also Finance.Yahoo.com with their article: “Grubhub Banks on Partnerships to Steer Away Competition – Yahoo Finance” published on October 08, 2019, Seekingalpha.com published: “GrubHub -3.9% as Chanos says he’s short – Seeking Alpha” on September 19, 2019. More interesting news about Grubhub Inc. (NYSE:GRUB) were released by: Investorplace.com and their article: “Square Stock Is Much Better Than the Current Selloff Suggests – Investorplace.com” published on September 24, 2019 as well as Finance.Yahoo.com‘s news article titled: “Why Shake Shack’s Stock Could Soar – Yahoo Finance” with publication date: September 19, 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. The firm earned “Outperform” rating on Wednesday, July 31 by Credit Suisse. The firm has “Buy” rating by Citigroup given on Tuesday, June 25. Morgan Stanley maintained the shares of GRUB in report on Wednesday, July 31 with “Equal-Weight” rating. Cowen & Co maintained the shares of GRUB in report on Tuesday, September 10 with “Outperform” rating. The firm has “Outperform” rating by Credit Suisse given on Friday, July 26.

Grubhub Inc. (NYSE:GRUB) Ratings Chart

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