River & Mercantile Asset Management LLP Has $4.21 Million Stake in Groupon Inc (GRPN)

River & Mercantile Asset Management LLP lifted its position in shares of Groupon Inc (NASDAQ:GRPN) by 31.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,118,761 shares of the coupon company’s stock after purchasing an additional 264,640 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Groupon were worth $4,212,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of Groupon by 115.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock worth $138,000 after purchasing an additional 17,167 shares during the period. Commonwealth Bank of Australia acquired a new stake in shares of Groupon during the 3rd quarter worth approximately $190,000. Balter Liquid Alternatives LLC acquired a new stake in shares of Groupon during the 2nd quarter worth approximately $248,000. Blair William & Co. IL acquired a new stake in shares of Groupon during the 3rd quarter worth approximately $218,000. Finally, Stevens Capital Management LP grew its stake in shares of Groupon by 240.3% during the 3rd quarter. Stevens Capital Management LP now owns 58,182 shares of the coupon company’s stock worth $219,000 after purchasing an additional 41,086 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $3.04, for a total value of $4,560,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.90% of the stock is currently owned by company insiders.

A number of equities research analysts have recently commented on GRPN shares. BidaskClub cut shares of Groupon from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Wedbush reaffirmed a “neutral” rating and set a $4.00 price objective on shares of Groupon in a research note on Thursday, September 13th. TheStreet cut shares of Groupon from a “c-” rating to a “d+” rating in a research note on Wednesday, September 26th. Zacks Investment Research raised shares of Groupon from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Monday, October 8th. Finally, B. Riley dropped their price target on shares of Groupon from $6.30 to $5.60 and set a “buy” rating on the stock in a research note on Thursday, November 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.20.

Groupon stock opened at $3.10 on Friday. Groupon Inc has a 1 year low of $2.80 and a 1 year high of $5.88. The firm has a market capitalization of $1.76 billion, a P/E ratio of 61.60, a P/E/G ratio of 11.67 and a beta of 1.75. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.98 and a current ratio of 0.98.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, November 7th. The coupon company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Groupon had a negative net margin of 0.35% and a positive return on equity of 11.15%. The firm had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $602.08 million. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, analysts forecast that Groupon Inc will post 0.09 EPS for the current year.

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About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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