Partners Group Holding AG Takes $527,000 Position in Groupon, Inc. (GRPN)
Partners Group Holding AG purchased a new position in Groupon, Inc. (NASDAQ:GRPN) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 137,213 shares of the coupon company’s stock, valued at approximately $527,000.
A number of other large investors have also modified their holdings of GRPN. Teacher Retirement System of Texas raised its position in Groupon by 3.6% during the 1st quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock worth $138,000 after buying an additional 1,222 shares during the last quarter. Aperio Group LLC lifted its stake in Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after acquiring an additional 1,268 shares during the period. Suntrust Banks Inc. lifted its stake in Groupon by 2.0% during the 2nd quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock valued at $252,000 after acquiring an additional 1,272 shares during the period. SG Americas Securities LLC lifted its stake in Groupon by 6.8% during the 1st quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after acquiring an additional 2,000 shares during the period. Finally, Voya Investment Management LLC lifted its stake in Groupon by 1.9% during the 2nd quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock valued at $585,000 after acquiring an additional 2,911 shares during the period. Institutional investors own 56.08% of the company’s stock.
Shares of Groupon, Inc. (GRPN) traded up 2.259% during trading on Tuesday, hitting $5.205. The company’s stock had a trading volume of 3,708,907 shares. The stock’s market cap is $2.89 billion. Groupon, Inc. has a one year low of $2.90 and a one year high of $5.39. The company has a 50-day moving average price of $4.37 and a 200-day moving average price of $3.82.
Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.06. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. During the same period in the prior year, the business posted ($0.01) earnings per share. The firm’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities analysts predict that Groupon, Inc. will post $0.12 EPS for the current fiscal year.
In related news, Director Peter J. Barris sold 562,719 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total value of $2,228,367.24. Following the sale, the director now owns 168,887 shares in the company, valued at approximately $668,792.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider James Sullivan sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $3.96, for a total value of $99,000.00. Following the completion of the sale, the insider now owns 343,353 shares in the company, valued at approximately $1,359,677.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,872,719 shares of company stock valued at $12,375,267. Insiders own 23.40% of the company’s stock.
A number of analysts have recently weighed in on GRPN shares. Vetr upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.58 price objective on the stock in a research note on Monday, September 25th. DA Davidson initiated coverage on shares of Groupon in a report on Friday, September 22nd. They set a “buy” rating and a $5.00 target price for the company. Piper Jaffray Companies restated a “buy” rating and set a $5.50 target price on shares of Groupon in a research report on Thursday, September 21st. UBS AG restated a “sell” rating and set a $3.10 target price (up from $2.85) on shares of Groupon in a research report on Thursday, August 3rd. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $3.85 price target (up from $3.40) on shares of Groupon in a report on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Groupon presently has a consensus rating of “Hold” and a consensus price target of $4.68.
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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