Global X Management Co. LLC raised its position in shares of Groupon Inc (NASDAQ:GRPN) by 46.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 481,835 shares of the coupon company’s stock after buying an additional 153,414 shares during the period. Global X Management Co. LLC owned about 0.09% of Groupon worth $1,850,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Teacher Retirement System of Texas raised its position in Groupon by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock worth $138,000 after buying an additional 1,222 shares in the last quarter. Aperio Group LLC increased its position in shares of Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after buying an additional 1,268 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after buying an additional 2,000 shares during the last quarter. Creative Planning increased its position in shares of Groupon by 9.8% in the first quarter. Creative Planning now owns 73,837 shares of the coupon company’s stock valued at $290,000 after buying an additional 6,580 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of Groupon by 29.0% in the first quarter. Oppenheimer & Co. Inc. now owns 31,538 shares of the coupon company’s stock valued at $124,000 after buying an additional 7,096 shares during the last quarter. Institutional investors and hedge funds own 56.27% of the company’s stock.
Shares of Groupon Inc (NASDAQ GRPN) opened at 3.95 on Friday. The firm has a 50-day moving average of $3.82 and a 200 day moving average of $3.72. The company’s market capitalization is $2.20 billion. Groupon Inc has a 1-year low of $2.90 and a 1-year high of $5.80.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The company had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. Groupon had a negative net margin of 0.82% and a negative return on equity of 16.13%. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. On average, analysts anticipate that Groupon Inc will post $0.12 EPS for the current year.
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Several research analysts have commented on the stock. Barclays PLC reissued an “underweight” rating and issued a $3.85 price target (up from $3.40) on shares of Groupon in a report on Wednesday. B. Riley reissued a “buy” rating and issued a $5.50 price target on shares of Groupon in a report on Tuesday. UBS AG reissued a “sell” rating and issued a $3.10 price target (up from $2.85) on shares of Groupon in a report on Thursday, August 3rd. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Groupon in a report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $4.59.
In related news, Director Peter J. Barris sold 281,352 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $3.04, for a total value of $855,310.08. Following the transaction, the director now owns 116,923 shares of the company’s stock, valued at approximately $355,445.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter J. Barris sold 562,719 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the completion of the transaction, the director now directly owns 168,887 shares in the company, valued at approximately $668,792.52. The disclosure for this sale can be found here. Insiders sold a total of 854,071 shares of company stock worth $3,115,177 in the last ninety days. 23.40% of the stock is currently owned by insiders.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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