Marshall Wace North America L.P. Buys New Stake in Groupon, Inc. (GRPN)

Marshall Wace North America L.P. bought a new stake in shares of Groupon, Inc. (NASDAQ:GRPN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 31,841 shares of the coupon company’s stock, valued at approximately $127,000.

Other large investors also recently added to or reduced their stakes in the company. Karp Capital Management Corp bought a new stake in shares of Groupon during the 1st quarter worth $108,000. Invictus RG lifted its position in shares of 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 buying an additional 22,520 shares during the last quarter. Aperio Group LLC lifted its position in shares of 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 buying an additional 1,268 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Groupon during the 1st quarter worth $117,000. Finally, SG Americas Securities LLC lifted its position in shares of 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 buying an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 56.10% of the company’s stock.

Several analysts recently weighed in on GRPN shares. BidaskClub upgraded Groupon from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. B. Riley upgraded Groupon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $4.20 to $5.50 in a research report on Thursday, June 29th. Royal Bank Of Canada restated a “hold” rating and set a $4.00 price objective on shares of Groupon in a research report on Friday, June 30th. Piper Jaffray Companies restated an “overweight” rating and set a $5.50 price objective on shares of Groupon in a research report on Wednesday, June 28th. Finally, ValuEngine downgraded Groupon from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $4.57.

In other news, Director Peter J. Barris sold 562,719 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the sale, the director now owns 168,887 shares of the company’s stock, valued at approximately $668,792.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric P. Lefkofsky sold 750,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $4.40, for a total value of $3,300,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 2,847,719 shares of company stock valued at $12,252,767. 23.40% of the stock is currently owned by corporate insiders.

Shares of Groupon, Inc. (NASDAQ: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 firm’s market cap is $2.45 billion. The stock has a 50 day moving average price of $4.15 and a 200 day moving average price of $3.78.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $668.84 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Groupon’s revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts expect that Groupon, Inc. will post $0.12 earnings per share for the current year.

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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).

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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