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Today’s Research Reports on Stocks to Watch: GrubHub and PayPal

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / April 18, 2018 / Shares of GrubHub and PayPal headed higher in Tuesday trading after GrubHub announced it would be allowing PayPal's service Venmo to be used by diners on three of its platforms.

RDI Initiates Coverage on:

GrubHub Inc.
https://rdinvesting.com/news/?ticker=GRUB

PayPal Holdings, Inc.
https://rdinvesting.com/news/?ticker=PYPL

GrubHub Inc. shares were on the move on Tuesday, closing the day up 5.30% after announcing the availability of Venmo as a payment option now for users. The leading online and mobile food ordering company announced that diners can now purchase food on GrubHub, Seamless, or Eat24 mobile apps and pay with their Venmo balance, linked bank account or debit card, also allowing them to split the bill more easily. Chief Product Officer Sam Hall commented, "More than sixty percent of our orders are placed on mobile devices, so we always look for ways to make it easier for diners to find, order and pay for the food they want, when and where they want it. We're thrilled to bring Venmo as a payment to our diners, offering another popular and trusted way to pay for meals. Adding the 'split the bill' feature provides an additional level of convenience our diners have come to expect from us." Venmo's company's Chief Operating Officer Mike Vaughan commented, "Venmo was founded to provide people with an easier way to make and share payments with friends and family. We're excited to further our longstanding partnership with GrubHub through this integration and given so many food-related payments occur on Venmo each day, it brings the social payment experience our customers love to the mobile buying experiences we know they already enjoy."

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Access RDI's GrubHub Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GRUB

PayPal Holdings, Inc. shares closed up 2.87% on Tuesday with around 6.1 million shares traded. Shares closed slightly higher after it was revealed yesterday that GrubHub is now allowing Venmo, which is a service of PayPal, to be another fast and secure way to pay for diners to pay for food on their platform. Offering the service also allows diners to more easily split the bill. A Venmo spokesperson told Mashable, "Given that so many food-related payments occur on Venmo (Pizza is the most popular emoji on Venmo), this was a natural integration so GrubHub users could more easily split and share the costs of their group meals on Venmo." GrubHub also owns the apps Eat24 and Seamless. The option to pay with Venmo and to split bills will be available on these platforms as well. In other news, PayPal has inked a deal with ebizmarts, a point-of-sale (POS) company, to help retailers offer both POS and digital payments.

Access RDI's PayPal Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PYPL

Our Actionable Research on GrubHub Inc. (NYSE: GRUB) and PayPal Holdings, Inc. (NASDAQ: PYPL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com