HighTower Advisors LLC lowered its position in Groupon Inc (NASDAQ:GRPN) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,478 shares of the coupon company’s stock after selling 81 shares during the period. HighTower Advisors LLC’s holdings in Groupon were worth $175,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in GRPN. North Star Investment Management Corp. raised its stake in shares of Groupon by 45.5% in the first quarter. North Star Investment Management Corp. now owns 32,000 shares of the coupon company’s stock worth $126,000 after buying an additional 10,000 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of Groupon during the first quarter worth about $18,078,000. New Jersey Better Educational Savings Trust purchased a new stake in shares of Groupon during the first quarter worth about $432,000. First Quadrant L P CA raised its stake in shares of Groupon by 10.4% in the first quarter. First Quadrant L P CA now owns 536,470 shares of the coupon company’s stock worth $2,108,000 after buying an additional 50,534 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Groupon by 9.5% in the first quarter. Profund Advisors LLC now owns 222,542 shares of the coupon company’s stock worth $875,000 after buying an additional 19,372 shares in the last quarter. 56.27% of the stock is currently owned by institutional investors.
Groupon Inc (GRPN) opened at 3.95 on Friday. The firm’s market capitalization is $2.20 billion. The firm has a 50-day moving average price of $3.82 and a 200 day moving average price of $3.72. Groupon Inc has a one year low of $2.90 and a one year high of $5.80.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. The company had revenue of $662.60 million during 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%. Groupon’s revenue was down 8.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. Analysts anticipate that Groupon Inc will post $0.12 EPS for the current fiscal year.
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A number of equities research analysts recently issued reports on the company. UBS AG reissued a “sell” rating and issued a $3.10 target price (up previously from $2.85) on shares of Groupon in a research report on Thursday, August 3rd. Barclays PLC restated an “underweight” rating and issued a $3.85 price target (up from $3.40) on shares of Groupon in a research note on Thursday, August 3rd. Cowen and Company restated a “sell” rating and issued a $3.50 price target on shares of Groupon in a research note on Thursday, August 3rd. Credit Suisse Group restated a “neutral” rating on shares of Groupon in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Six 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 stock. The company currently has an average rating of “Hold” and a consensus price target of $4.59.
In other Groupon news, Director Peter J. Barris sold 562,719 shares of the firm’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the transaction, the director now owns 168,887 shares of the company’s stock, valued at $668,792.52. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The stock was 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 of the company’s stock, valued at approximately $643,044.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 854,071 shares of company stock valued at $3,115,177. 23.40% of the stock is 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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