Is it a Good Time to Sell Your Just Eat Takeaway (JTKWY) Position?

ClearBridge Investments, an investment management firm, published its “International Growth ACWI ex-U.S. Strategy” fourth quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the ClearBridge International Growth ACWI ex-U.S. Strategy outperformed its MSCI ACWI Ex-U.S. benchmark. The Strategy delivered gains across seven of the 10 sectors in which it was invested (out of 11 total), with the consumer staples, industrials, health care, and materials sectors the primary contributors. The financials, communication services, and consumer discretionary sectors were detractors. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

ClearBridge Investments International Growth ACWI ex-U.S. Strategy, in its Q4 2021 investor letter, mentioned Just Eat Takeaway.com N.V. (NYSE:JTKWY) and discussed its stance on the firm. Founded in 2000, Just Eat Takeaway.com N.V. (NYSE:JTKWY) is an Amsterdam, Netherlands-based multinational online food ordering and delivery company with an $8.3 billion market capitalization, and is currently spearheaded by its CEO, Jitse Groen. Just Eat Takeaway.com N.V. (NYSE:JTKWY) delivered a 29.85% and it closed at $7.70 per share on April 04, 2022.

Here is what ClearBridge Investments International Growth ACWI ex-U.S. Strategy has to say about Just Eat Takeaway.com N.V. (NYSE:JTKWY) in its Q4 2021 investor letter:

“We also sold and trimmed several names in the emerging market and emerging growth areas, to manage risk and pursue growth companies with a better long-term risk/reward. These included U.K.-based food delivery provider Just Eat Takeaway, where greater regulation in the U.S. and higher competition in its core markets makes the path to higher profitability less certain. Regulatory pressures to cap food delivery fees for its GrubHub business are spreading across many cities including New York, which is the company’s largest market. With potentially lower profitability from New York, it would be difficult for Just Eat Takeaway to execute its strategy in the U.S. to regain lost market share from Uber and Doordash. In Europe, the competitive intensity increased as some well-funded global players like Doordash and Delivery Hero entered Germany.

Photo by Phillip Goldsberry on Unsplash

Our calculations show that Just Eat Takeaway.com N.V. (NYSE:JTKWY) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Just Eat Takeaway.com N.V. (NYSE:JTKWY) delivered a -25.68% return in the past 3 months. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.