Clearbridge Investments LLC Takes $67.75 Million Position in Just Eat Takeaway.com (NYSE:GRUB)

Clearbridge Investments LLC bought a new stake in shares of Just Eat Takeaway.com (NYSE:GRUB) in the 2nd quarter, Holdings Channel reports. The firm bought 3,710,132 shares of the information services provider’s stock, valued at approximately $67,747,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Water Island Capital LLC grew its holdings in Just Eat Takeaway.com by 9.4% during the 1st quarter. Water Island Capital LLC now owns 886,831 shares of the information services provider’s stock valued at $53,210,000 after purchasing an additional 75,963 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Just Eat Takeaway.com by 67.7% in the second quarter. Citigroup Inc. now owns 405,905 shares of the information services provider’s stock worth $7,412,000 after buying an additional 163,849 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Just Eat Takeaway.com by 348.9% during the second quarter. Advisor Group Holdings Inc. now owns 36,944 shares of the information services provider’s stock worth $675,000 after purchasing an additional 28,714 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Just Eat Takeaway.com by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 752,008 shares of the information services provider’s stock valued at $45,121,000 after acquiring an additional 10,842 shares during the period. Finally, Icon Wealth Partners LLC acquired a new position in shares of Just Eat Takeaway.com in the second quarter valued at approximately $286,000.

A number of equities analysts have recently weighed in on the stock. Credit Suisse Group reaffirmed an “outperform” rating on shares of Just Eat Takeaway.com in a research note on Friday, August 13th. Barclays reissued an “overweight” rating on shares of Just Eat Takeaway.com in a research report on Wednesday, August 18th. The Goldman Sachs Group started coverage on shares of Just Eat Takeaway.com in a report on Tuesday, August 3rd. They set a “buy” rating for the company. Morgan Stanley reiterated an “overweight” rating on shares of Just Eat Takeaway.com in a research report on Monday, August 23rd. Finally, Exane BNP Paribas cut Just Eat Takeaway.com from a “neutral” rating to an “underperform” rating in a research note on Wednesday, September 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $59.00.

Shares of GRUB stock opened at $14.87 on Thursday. The business’s fifty day moving average is $17.16 and its 200 day moving average is $35.33. Just Eat Takeaway.com has a 52-week low of $14.48 and a 52-week high of $19.84.

Just Eat Takeaway.com Profile

Just Eat Takeaway.com N.V. operates an online food delivery marketplace. The company focuses on connecting consumers and restaurants through its platforms. It serves in the United Kingdom, Germany, Canada, the Netherlands, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal, Romania, Spain, and Switzerland, as well as through partnerships in Colombia and Brazil.

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Institutional Ownership by Quarter for Just Eat Takeaway.com (NYSE:GRUB)

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