SG Capital Management LLC purchased a new position in Groupon Inc (NASDAQ:GRPN) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,219,512 shares of the coupon company’s stock, valued at approximately $16,741,000. Groupon accounts for 1.8% of SG Capital Management LLC’s portfolio, making the stock its 4th largest holding. SG Capital Management LLC owned 0.58% of Groupon as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares in the last quarter. First Trust Advisors LP grew 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 worth $62,685,000 after acquiring an additional 4,937,648 shares in the last quarter. State Street Corp grew its position in Groupon by 38.2% in the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after acquiring an additional 2,440,783 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Groupon by 40.2% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock worth $43,946,000 after acquiring an additional 2,421,825 shares in the last quarter. Finally, Pictet Asset Management Ltd. bought a new stake in Groupon in the third quarter worth approximately $37,704,000. 60.04% of the stock is owned by institutional investors.
Several analysts have commented on the stock. Citigroup boosted their target price on shares of Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Gabelli assumed coverage on shares of Groupon in a report on Tuesday, October 17th. They set a “buy” rating and a $7.00 price objective for the company. Barclays reaffirmed an “underweight” rating and set a $3.85 price objective (up from $3.40) on shares of Groupon in a report on Wednesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $5.50 price objective on shares of Groupon in a report on Tuesday, August 8th. Finally, TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $4.99.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The company had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. During the same quarter in the prior year, the company posted ($0.01) EPS. The business’s revenue was down 7.6% on a year-over-year basis. equities research analysts expect that Groupon Inc will post -0.02 earnings per share for the current fiscal year.
In other news, CAO Brian Stevens sold 20,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares in the company, valued at approximately $1,269,641.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the transaction, the insider now owns 353,524 shares of the company’s stock, valued at approximately $1,732,267.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,570,000 shares of company stock valued at $6,953,950. Corporate insiders own 23.40% of the company’s stock.
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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