Lombard Odier Asset Management Europe Ltd Reduces Holdings in Groupon, Inc. $GRPN

Lombard Odier Asset Management Europe Ltd trimmed its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 56.9% in the fourth quarter, HoldingsChannel reports. The firm owned 82,258 shares of the coupon company’s stock after selling 108,719 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Groupon were worth $1,449,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Groupon by 22.2% during the 3rd quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock worth $49,235,000 after purchasing an additional 383,277 shares in the last quarter. Bank of America Corp DE grew its stake in Groupon by 552.5% in the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after acquiring an additional 962,337 shares during the period. Tyro Capital Management LLC grew its stake in Groupon by 6.8% in the 3rd quarter. Tyro Capital Management LLC now owns 1,091,095 shares of the coupon company’s stock worth $25,477,000 after acquiring an additional 69,378 shares during the period. State Street Corp grew its stake in Groupon by 25.8% in the 4th quarter. State Street Corp now owns 881,422 shares of the coupon company’s stock worth $15,522,000 after acquiring an additional 180,992 shares during the period. Finally, Geode Capital Management LLC grew its stake in Groupon by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 653,702 shares of the coupon company’s stock worth $11,514,000 after acquiring an additional 14,198 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on GRPN shares. Wall Street Zen cut shares of Groupon from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Northland Securities set a $26.00 target price on shares of Groupon in a research note on Wednesday, May 27th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $13.00 target price (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Citigroup reaffirmed an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $28.67.

Groupon Stock Down 1.1%

Shares of NASDAQ GRPN opened at $17.26 on Wednesday. Groupon, Inc. has a 52-week low of $9.17 and a 52-week high of $43.08. The firm has a fifty day moving average of $16.23 and a 200-day moving average of $15.04. The stock has a market capitalization of $655.53 million, a PE ratio of -6.61 and a beta of 0.25.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.30). Groupon had a negative net margin of 20.78% and a negative return on equity of 717.37%. The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. Equities research analysts expect that Groupon, Inc. will post -0.13 EPS for the current fiscal year.

About Groupon

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.