Cwm LLC Decreases Position in Groupon, Inc. (GRPN)

Cwm LLC reduced its stake in Groupon, Inc. (NASDAQ:GRPN) by 7.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 892,581 shares of the coupon company’s stock after selling 75,674 shares during the period. Cwm LLC’s holdings in Groupon were worth $3,428,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GRPN. Virtu Financial LLC acquired a new position in Groupon during the second quarter valued at $142,000. UBS Oconnor LLC acquired a new position in Groupon during the first quarter valued at $1,410,000. FNY Managed Accounts LLC acquired a new position in Groupon during the first quarter valued at $117,000. Tudor Investment Corp ET AL increased its position in Groupon by 331.7% in the first quarter. Tudor Investment Corp ET AL now owns 263,783 shares of the coupon company’s stock valued at $1,037,000 after buying an additional 202,683 shares during the last quarter. Finally, HarbourVest Partners LLC acquired a new position in Groupon during the first quarter valued at $536,000. Hedge funds and other institutional investors own 57.28% of the company’s stock.

Shares of Groupon, Inc. (NASDAQ GRPN) traded down 2.76% during midday trading on Monday, hitting $3.88. 4,716,139 shares of the stock were exchanged. The firm’s 50-day moving average is $3.24 and its 200 day moving average is $3.65. The firm’s market cap is $2.18 billion. Groupon, Inc. has a 52-week low of $2.90 and a 52-week high of $5.94.

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

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Several equities analysts have recently weighed in on the stock. B. Riley upgraded shares of Groupon to a “buy” rating and set a $5.50 target price for the company in a research note on Tuesday, July 4th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $4.00 price objective on shares of Groupon in a research note on Friday, June 30th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $5.50 price objective on shares of Groupon in a research note on Wednesday, June 28th. Cowen and Company reaffirmed an “underperform” rating and set a $3.00 price objective on shares of Groupon in a research note on Wednesday, June 28th. Finally, BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $4.61.

In other news, Director Peter J. Barris sold 281,352 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $3.04, for a total transaction of $855,310.08. Following the completion of the transaction, the director now directly owns 116,923 shares in the company, valued at approximately $355,445.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Dane A. Drobny sold 47,753 shares of the stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $3.59, for a total value of $171,433.27. Following the transaction, the general counsel now owns 377,721 shares of the company’s stock, valued at $1,356,018.39. The disclosure for this sale can be found here. Insiders have sold a total of 359,105 shares of company stock valued at $1,129,243 over the last quarter. Corporate insiders own 23.40% of the company’s stock.

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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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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