Groupon, Inc. (NASDAQ:GRPN) Stake Raised by Legal & General Group Plc

Legal & General Group Plc boosted its stake in Groupon, Inc. (NASDAQ:GRPN) by 258.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,258 shares of the coupon company’s stock after buying an additional 105,443 shares during the period. Legal & General Group Plc’s holdings in Groupon were worth $574,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GRPN. Karp Capital Management Corp purchased a new stake in Groupon during the first quarter valued at about $108,000. Highbridge Capital Management LLC purchased a new stake in Groupon during the fourth quarter valued at about $113,000. SG Americas Securities LLC increased its stake in Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after buying an additional 2,000 shares in the last quarter. North Star Investment Management Corp. increased its stake in Groupon by 45.5% in the first quarter. North Star Investment Management Corp. now owns 32,000 shares of the coupon company’s stock valued at $126,000 after buying an additional 10,000 shares in the last quarter. Finally, Clinton Group Inc. purchased a new stake in Groupon during the first quarter valued at about $156,000. 57.15% of the stock is owned by institutional investors and hedge funds.

Groupon, Inc. (NASDAQ GRPN) opened at 4.285 on Friday. The company’s market capitalization is $2.39 billion. Groupon, Inc. has a 1-year low of $2.90 and a 1-year high of $5.94. The company has a 50 day moving average of $3.61 and a 200 day moving average of $3.69.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $662.60 million during the quarter, compared to analyst estimates of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. Groupon’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) EPS. On average, analysts predict that Groupon, Inc. will post $0.12 earnings per share for the current fiscal year.

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Several research firms recently commented on GRPN. Royal Bank Of Canada reiterated a “hold” rating and set a $4.00 target price on shares of Groupon in a research note on Friday, June 30th. Vetr cut shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 target price for the company. in a research note on Monday, May 1st. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.50 target price on shares of Groupon in a research note on Saturday, April 22nd. BidaskClub upgraded shares of Groupon from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Finally, Loop Capital restated a “hold” rating on shares of Groupon in a research note on Wednesday, April 19th. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $4.59.

In other Groupon news, Director Peter J. Barris sold 281,352 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $3.04, for a total value of $855,310.08. Following the completion of the transaction, the director now owns 116,923 shares in the company, valued at approximately $355,445.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total value of $31,500.00. Following the completion of the transaction, the chief accounting officer now owns 204,141 shares of the company’s stock, valued at approximately $643,044.15. The disclosure for this sale can be found here. Insiders sold a total of 359,105 shares of company stock valued at $1,129,243 in the last 90 days. 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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