D.A. Davidson & CO. decreased its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 12.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 32,291 shares of the coupon company’s stock after selling 4,448 shares during the period. D.A. Davidson & CO.’s holdings in Groupon were worth $123,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of GRPN. First Trust Advisors LP boosted its position in Groupon by 43.4% in the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after buying an additional 4,937,648 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in Groupon by 4.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 4,800,000 shares of the coupon company’s stock valued at $18,432,000 after buying an additional 200,000 shares during the last quarter. Teachers Advisors LLC boosted its position in Groupon by 7.6% in the second quarter. Teachers Advisors LLC now owns 4,592,475 shares of the coupon company’s stock valued at $17,635,000 after buying an additional 324,672 shares during the last quarter. Geode Capital Management LLC boosted its position in Groupon by 6.8% in the first quarter. Geode Capital Management LLC now owns 3,145,124 shares of the coupon company’s stock valued at $12,360,000 after buying an additional 200,246 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Groupon by 33.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,978,469 shares of the coupon company’s stock valued at $7,598,000 after buying an additional 498,238 shares during the last quarter. Institutional investors and hedge funds own 56.08% of the company’s stock.
Groupon, Inc. (GRPN) opened at 4.99 on Wednesday. Groupon, Inc. has a 52 week low of $2.90 and a 52 week high of $5.38. The firm’s market capitalization is $2.77 billion. The stock’s 50 day moving average price is $4.56 and its 200 day moving average price is $3.87.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities analysts expect that Groupon, Inc. will post $0.12 EPS for the current year.
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A number of equities research analysts recently commented on the company. Royal Bank Of Canada reiterated a “hold” rating and issued a $4.00 target price on shares of Groupon in a research report on Friday, June 30th. BidaskClub upgraded Groupon from a “strong sell” rating to a “sell” rating in a research report on Friday, June 16th. Barclays PLC reiterated an “underweight” rating and issued a $3.85 target price (up previously from $3.40) on shares of Groupon in a research report on Wednesday, August 9th. B. Riley upgraded Groupon from a “neutral” rating to a “buy” rating and upped their target price for the company from $4.20 to $5.50 in a research report on Thursday, June 29th. Finally, Cowen and Company reiterated a “sell” rating and issued a $3.50 target price on shares of Groupon in a research report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $4.58.
In related news, Director Peter J. Barris sold 562,719 shares of Groupon stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the completion of the transaction, the director now directly owns 168,887 shares of the company’s stock, valued at $668,792.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,872,719 shares of company stock worth $12,375,267. Company 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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