Axa acquired a new position in shares of Groupon, Inc. (NASDAQ:GRPN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,388,600 shares of the coupon company’s stock, valued at approximately $5,332,000. Axa owned about 0.25% of Groupon as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Karp Capital Management Corp purchased a new stake in Groupon during the 1st quarter worth approximately $108,000. Invictus RG increased its holdings in Groupon by 359.6% during the 1st quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after purchasing an additional 22,520 shares during the last quarter. Aperio Group LLC increased its holdings in Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in Groupon during the 1st quarter worth approximately $117,000. Finally, SG Americas Securities LLC increased its holdings in Groupon by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 56.10% of the company’s stock.
Several equities research analysts have issued reports on the company. Wedbush restated a “positive” rating and set a $4.08 price objective (down from $4.50) on shares of Groupon in a report on Wednesday, August 23rd. Barclays PLC restated an “underweight” rating and set a $3.85 price objective (up from $3.40) on shares of Groupon in a report on Wednesday, August 9th. B. Riley restated a “buy” rating and set a $5.50 price objective on shares of Groupon in a report on Tuesday, August 8th. UBS AG restated a “sell” rating and set a $3.10 price objective (up from $2.85) on shares of Groupon in a report on Thursday, August 3rd. Finally, BidaskClub upgraded Groupon from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.57.
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Groupon, Inc. (GRPN) opened at 4.41 on Friday. Groupon, Inc. has a 52-week low of $2.90 and a 52-week high of $5.53. The company’s 50-day moving average price is $4.15 and its 200-day moving average price is $3.78. The firm’s market cap is $2.45 billion.
Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. During the same period in the prior year, the company posted ($0.01) EPS. The company’s revenue was down 8.5% compared to the same quarter last year. Analysts predict that Groupon, Inc. will post $0.12 EPS for the current year.
In other news, Director Eric P. Lefkofsky sold 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $4.39, for a total value of $6,585,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the completion of the sale, the chief accounting officer now owns 215,696 shares in the company, valued at $871,411.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,847,719 shares of company stock worth $12,252,767. Corporate insiders own 23.40% of the company’s stock.
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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