Hitchwood Capital Management LP Holding in Grubhub INC (GRUB) Lowered by $26.55 Million as Market Valuation Rose

Hitchwood Capital Management Lp decreased its stake in Grubhub Inc (GRUB) by 42.88% based on its latest 2018Q2 regulatory filing with the SEC. Hitchwood Capital Management Lp sold 255,246 shares as the company’s stock rose 22.95% with the market. The institutional investor held 340,000 shares of the business services company at the end of 2018Q2, valued at $35.67 million, down from 595,246 at the end of the previous reported quarter. Hitchwood Capital Management Lp who had been investing in Grubhub Inc for a number of months, seems to be less bullish one the $6.97 billion market cap company. The stock decreased 5.66% or $4.61 during the last trading session, reaching $76.8. About 2.58 million shares traded or 15.63% up from the average. GrubHub Inc. (NYSE:GRUB) has risen 154.46% since December 8, 2017 and is uptrending. It has outperformed by 138.84% the S&P500.

Hitchwood Capital Management Lp, which manages about $657.83M and $3.19B US Long portfolio, upped its stake in Exact Sciences Corp (NASDAQ:EXAS) by 131,635 shares to 300,000 shares, valued at $17.94 million in 2018Q2, according to the filing. It also increased its holding in Illumina Inc (NASDAQ:ILMN) by 34,458 shares in the quarter, for a total of 444,458 shares, and has risen its stake in Chegg Inc (NYSE:CHGG).

Analysts await GrubHub Inc. (NYSE:GRUB) to report earnings on February, 14. They expect $0.16 EPS, down 48.39 % or $0.15 from last year’s $0.31 per share. GRUB’s profit will be $14.51 million for 120.00 P/E if the $0.16 EPS becomes a reality. After $0.33 actual EPS reported by GrubHub Inc. for the previous quarter, Wall Street now forecasts -51.52 % negative EPS growth.

More notable recent GrubHub Inc. (NYSE:GRUB) news were published by: Fool.com which released: “5 Top Stocks to Buy in December – The Motley Fool” on December 02, 2018, also Gurufocus.com with their article: “Is GrubHub’s Fall Expected to Stop Anytime Soon? – GuruFocus.com” published on November 20, 2018, Fool.com published: “4 Reasons Blue Apron Is Still in Serious Trouble – The Motley Fool” on November 18, 2018. More interesting news about GrubHub Inc. (NYSE:GRUB) were released by: Bizjournals.com and their article: “Kraft Heinz hires former Grubhub exec for its $100M food-tech venture firm – Chicago Business Journal” published on November 30, 2018 as well as Marketwatch.com‘s news article titled: “GrubHub stock looks oversold after 45% drop from Sept. highs, says Wedbush – MarketWatch” with publication date: November 29, 2018.

GrubHub Inc. (NYSE:GRUB) Ratings Coverage

Among 11 analysts covering GrubHub (NYSE:GRUB), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. GrubHub had 14 analyst reports since June 18, 2018 according to SRatingsIntel. Stifel Nicolaus upgraded the stock to “Buy” rating in Friday, October 26 report. The stock has “Neutral” rating by Credit Suisse on Wednesday, October 24. As per Thursday, July 26, the company rating was maintained by KeyBanc Capital Markets. The firm earned “Buy” rating on Friday, October 26 by DA Davidson. Wells Fargo maintained it with “Market Perform” rating and $110 target in Friday, October 26 report. The rating was maintained by Credit Suisse with “Neutral” on Thursday, July 26. Argus Research maintained it with “Buy” rating and $120 target in Friday, November 2 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, July 11. The stock of GrubHub Inc. (NYSE:GRUB) earned “Buy” rating by Craig Hallum on Monday, June 18. The rating was maintained by Stifel Nicolaus on Thursday, July 26 with “Hold”.

GrubHub Inc. (NYSE:GRUB) Ratings Chart

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