AQR Capital Management LLC Sells 1,105,718 Shares of Groupon, Inc. (NASDAQ:GRPN)

AQR Capital Management LLC reduced its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 48.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,186,415 shares of the coupon company’s stock after selling 1,105,718 shares during the period. AQR Capital Management LLC owned about 0.21% of Groupon worth $4,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake 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 valued at $138,000 after buying an additional 1,222 shares during the period. SG Americas Securities LLC increased its stake in 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 period. Global X Management Co. LLC increased its stake in Groupon by 1.2% in the first quarter. Global X Management Co. LLC now owns 328,421 shares of the coupon company’s stock valued at $1,291,000 after buying an additional 3,780 shares during the period. Creative Planning increased its stake in 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 period. Finally, Oppenheimer & Co. Inc. increased its stake in 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 period. Hedge funds and other institutional investors own 57.28% of the company’s stock.

Shares of Groupon, Inc. (NASDAQ GRPN) opened at 3.94 on Wednesday. The company’s market capitalization is $2.21 billion. The company’s 50-day moving average price is $3.40 and its 200-day moving average price is $3.67. Groupon, Inc. has a 52-week low of $2.90 and a 52-week high of $5.94.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 3rd. The coupon company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.06. Groupon had a negative net margin of 5.51% and a negative return on equity of 22.40%. The business had revenue of $673.63 million during the quarter, compared to the consensus estimate of $721.93 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was down 3.6% on a year-over-year basis. Equities research analysts forecast that Groupon, Inc. will post $0.10 EPS for the current fiscal year.

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Several research firms have recently issued reports on GRPN. B. Riley reiterated a “neutral” rating and set a $4.20 price target on shares of Groupon in a research note on Tuesday, May 9th. UBS AG decreased their target price on Groupon from $3.65 to $2.85 and set a “sell” rating for the company in a research note on Wednesday, May 31st. Royal Bank Of Canada restated a “hold” rating and set a $4.00 target price on shares of Groupon in a research note on Friday, June 30th. Loop Capital restated a “hold” rating on shares of Groupon in a research note on Wednesday, April 19th. Finally, Maxim Group decreased their target price on Groupon from $5.50 to $4.25 and set a “buy” rating for the company in a research note on Thursday, May 4th. Five investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $4.61.

In other Groupon news, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total transaction of $31,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 204,141 shares in the company, valued at $643,044.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter J. Barris sold 281,352 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $3.04, for a total transaction of $855,310.08. Following the transaction, the director now owns 116,923 shares of the company’s stock, valued at $355,445.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 359,105 shares of company stock valued at $1,129,243. Company insiders own 23.40% of the company’s stock.

About Groupon

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).

Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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