Stone Ridge Asset Management LLC bought a new position in shares of Groupon Inc (NASDAQ:GRPN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 190,509 shares of the coupon company’s stock, valued at approximately $971,000.
A number of other hedge funds have also made changes to their positions in the stock. Guggenheim Capital LLC grew its stake in Groupon by 823.8% during the 4th quarter. Guggenheim Capital LLC now owns 96,064 shares of the coupon company’s stock worth $490,000 after buying an additional 85,665 shares during the last quarter. Deutsche Bank AG grew its stake in Groupon by 79.2% during the 4th quarter. Deutsche Bank AG now owns 4,350,063 shares of the coupon company’s stock worth $22,183,000 after buying an additional 1,922,126 shares during the last quarter. Weil Company Inc. purchased a new position in Groupon during the 4th quarter worth $263,000. Quantitative Investment Management LLC grew its stake in Groupon by 11.7% during the 4th quarter. Quantitative Investment Management LLC now owns 1,364,200 shares of the coupon company’s stock worth $6,957,000 after buying an additional 142,400 shares during the last quarter. Finally, MANA Advisors LLC purchased a new position in Groupon during the 4th quarter worth $254,000. Hedge funds and other institutional investors own 63.58% of the company’s stock.
Several research analysts recently weighed in on the company. BidaskClub downgraded Groupon from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Vetr upgraded Groupon from a “hold” rating to a “buy” rating and set a $6.09 target price on the stock in a research note on Monday, December 4th. Morgan Stanley reiterated a “sell” rating and set a $4.30 price target on shares of Groupon in a research note on Thursday, February 15th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a research note on Tuesday, December 12th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Groupon has an average rating of “Hold” and an average target price of $5.06.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The company had revenue of $873.17 million during the quarter, compared to analyst estimates of $853.13 million. Groupon had a net margin of 0.49% and a return on equity of 0.22%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. sell-side analysts expect that Groupon Inc will post 0.03 earnings per share for the current year.
In other news, CAO Brian Stevens sold 15,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.61, for a total value of $69,150.00. Following the completion of the transaction, the chief accounting officer now owns 232,751 shares of the company’s stock, valued at approximately $1,072,982.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $4.60, for a total value of $6,900,000.00. The disclosure for this sale can be found here. Insiders own 23.40% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Stone Ridge Asset Management LLC Takes Position in Groupon Inc (GRPN)” was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://stocknewstimes.com/2018/03/19/stone-ridge-asset-management-llc-takes-position-in-groupon-inc-grpn.html.
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).
Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.