Alkeon Capital Management Has Lifted Its Northrop Grumman (NOC) Position; Marathon Partners Equity Management Has Cut Grubhub (GRUB) Position

February 19, 2018 - By Michael Collier

Alkeon Capital Management Llc increased Northrop Grumman Corp (NOC) stake by 12.44% reported in 2017Q3 SEC filing. Alkeon Capital Management Llc acquired 39,500 shares as Northrop Grumman Corp (NOC)’s stock rose 2.59%. The Alkeon Capital Management Llc holds 357,074 shares with $102.74M value, up from 317,574 last quarter. Northrop Grumman Corp now has $61.98B valuation. The stock decreased 0.25% or $0.91 during the last trading session, reaching $356. About 957,892 shares traded or 2.14% up from the average. Northrop Grumman Corporation (NYSE:NOC) has risen 18.39% since February 19, 2017 and is uptrending. It has outperformed by 1.69% the S&P500.

Marathon Partners Equity Management Llc decreased Grubhub Inc (GRUB) stake by 21.5% reported in 2017Q3 SEC filing. Marathon Partners Equity Management Llc sold 57,500 shares as Grubhub Inc (GRUB)’s stock rose 15.35%. The Marathon Partners Equity Management Llc holds 210,000 shares with $11.06 million value, down from 267,500 last quarter. Grubhub Inc now has $8.35B valuation. The stock increased 1.62% or $1.53 during the last trading session, reaching $95.93. About 1.84 million shares traded or 11.27% up from the average. GrubHub Inc. (NYSE:GRUB) has risen 94.22% since February 19, 2017 and is uptrending. It has outperformed by 77.52% the S&P500.

Among 32 analysts covering Grubhub Inc (NYSE:GRUB), 19 have Buy rating, 3 Sell and 10 Hold. Therefore 59% are positive. Grubhub Inc had 120 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, October 28 by Northland Capital. The rating was initiated by Credit Suisse with “Outperform” on Wednesday, January 11. Credit Suisse maintained GrubHub Inc. (NYSE:GRUB) on Thursday, October 26 with “Neutral” rating. The rating was upgraded by Bank of America on Thursday, October 13 to “Buy”. The stock has “Outperform” rating by IBC on Thursday, April 13. The firm earned “Buy” rating on Tuesday, February 6 by Stifel Nicolaus. The stock has “Buy” rating by Wedbush on Thursday, October 26. The firm has “Buy” rating by KeyBanc Capital Markets given on Thursday, November 16. On Monday, January 8 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Maxim Group on Friday, April 21 with “Hold”.

Alkeon Capital Management Llc decreased Kar Auction Svcs Inc (NYSE:KAR) stake by 244,600 shares to 1.04M valued at $49.71 million in 2017Q3. It also reduced Spdr S&P 500 Etf Tr (Put) (SPY) stake by 4.20 million shares and now owns 2.22M shares. Teradyne Inc (NYSE:TER) was reduced too.

Among 18 analysts covering Northrop Grumman (NYSE:NOC), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. Northrop Grumman had 57 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Monday, May 2. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Buy” rating by J.P. Morgan on Tuesday, December 12. JP Morgan upgraded Northrop Grumman Corporation (NYSE:NOC) rating on Monday, October 12. JP Morgan has “Neutral” rating and $198 target. RBC Capital Markets initiated the stock with “Outperform” rating in Thursday, January 12 report. The firm has “Hold” rating by Cowen & Co given on Wednesday, August 23. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Hold” rating by Cowen & Co on Monday, July 17. Jefferies maintained the shares of NOC in report on Monday, July 24 with “Hold” rating. RBC Capital Markets maintained the stock with “Buy” rating in Friday, June 2 report. The stock of Northrop Grumman Corporation (NYSE:NOC) earned “Hold” rating by Jefferies on Monday, August 28. Cowen & Co maintained the shares of NOC in report on Wednesday, July 26 with “Hold” rating.

Since October 27, 2017, it had 0 insider purchases, and 3 insider sales for $3.59 million activity. $856,902 worth of Northrop Grumman Corporation (NYSE:NOC) was sold by Pamiljans Janis G. The insider ASHWORTH SID sold 6,311 shares worth $1.88M. Peppard Denise M. also sold $850,870 worth of Northrop Grumman Corporation (NYSE:NOC) on Tuesday, February 13.

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