Lesa Sroufe & Co Sells 2,330 Shares of Groupon, Inc. (GRPN)
Lesa Sroufe & Co cut its position in Groupon, Inc. (NASDAQ:GRPN) by 0.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 606,890 shares of the coupon company’s stock after selling 2,330 shares during the period. Groupon accounts for approximately 2.2% of Lesa Sroufe & Co’s holdings, making the stock its 25th largest position. Lesa Sroufe & Co’s holdings in Groupon were worth $2,330,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. First Trust Advisors LP raised 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 buying an additional 4,937,648 shares in the last quarter. State of New Jersey Common Pension Fund D raised 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 worth $18,432,000 after buying an additional 200,000 shares in the last quarter. Teachers Advisors LLC raised its position in Groupon by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 4,261,167 shares of the coupon company’s stock worth $14,147,000 after buying an additional 213,139 shares in the last quarter. Norges Bank bought a new position in Groupon during the fourth quarter worth approximately $11,260,000. Finally, Geode Capital Management LLC raised 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 worth $12,360,000 after buying an additional 200,246 shares in the last quarter. 57.64% of the stock is currently owned by hedge funds and other institutional investors.
Groupon, Inc. (NASDAQ:GRPN) opened at 3.98 on Wednesday. The company’s market cap is $2.21 billion. Groupon, Inc. has a 12-month low of $2.90 and a 12-month high of $5.72. The stock’s 50 day moving average is $3.85 and its 200 day moving average is $3.73.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The company had revenue of $662.60 million during the quarter, compared to analysts’ expectations of $668.84 million. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. Groupon’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.01) EPS. On average, equities analysts forecast that Groupon, Inc. will post $0.12 earnings per share for the current year.
Several research firms have issued reports on GRPN. Loop Capital restated a “hold” rating on shares of Groupon in a research report on Wednesday, April 19th. Piper Jaffray Companies restated an “overweight” rating and issued a $6.50 price target on shares of Groupon in a research report on Saturday, April 22nd. Morgan Stanley lowered shares of Groupon from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $3.90 to $3.50 in a research report on Monday, April 24th. Vetr lowered shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price target on the stock. in a research report on Monday, May 1st. Finally, Maxim Group decreased their price target on shares of Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Groupon currently has a consensus rating of “Hold” and a consensus target price of $4.59.
In related news, Director Peter J. Barris sold 281,352 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $3.04, for a total transaction of $855,310.08. Following the transaction, the director now directly owns 116,923 shares of the company’s stock, valued at $355,445.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter J. Barris sold 562,719 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 168,887 shares in the company, valued at $668,792.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 854,071 shares of company stock valued at $3,115,177. 23.40% of the stock is currently owned by corporate insiders.
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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