Groupon, Inc. (GRPN) Shares Bought by Legal & General Group Plc
Legal & General Group Plc raised its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 0.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,262 shares of the coupon company’s stock after purchasing an additional 4 shares during the period. Legal & General Group Plc’s holdings in Groupon were worth $556,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of GRPN. Karp Capital Management Corp acquired a new position in Groupon during the first quarter worth approximately $108,000. Aperio Group LLC increased its position in Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares during the last quarter. Invictus RG increased its position in Groupon by 359.6% during the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after purchasing an additional 22,520 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in Groupon during the first quarter worth approximately $117,000. Finally, SG Americas Securities LLC increased its position in Groupon by 6.8% during the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after purchasing an additional 2,000 shares during the last quarter. 56.08% of the stock is owned by hedge funds and other institutional investors.
Groupon, Inc. (NASDAQ:GRPN) opened at 5.03 on Friday. Groupon, Inc. has a 52 week low of $2.90 and a 52 week high of $5.38. The stock has a 50 day moving average of $4.50 and a 200 day moving average of $3.86. The stock’s market capitalization is $2.80 billion.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.06. The business had revenue of $662.60 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the company posted ($0.01) earnings per share. On average, equities research analysts predict that Groupon, Inc. will post $0.12 earnings per share for the current fiscal year.
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In other news, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the sale, the chief accounting officer now owns 215,696 shares in the company, valued at $871,411.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $4.39, for a total transaction of $6,585,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,872,719 shares of company stock worth $12,375,267. 23.40% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the stock. Vetr lowered shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $5.83 price target for the company. in a research report on Wednesday. DA Davidson assumed coverage on shares of Groupon in a research report on Friday, September 22nd. They set a “buy” rating and a $5.00 price target for the company. Piper Jaffray Companies reaffirmed a “buy” rating and set a $5.50 price target on shares of Groupon in a research report on Thursday, September 21st. UBS AG reaffirmed a “sell” rating and set a $3.10 price target (up previously from $2.85) on shares of Groupon in a research report on Thursday, August 3rd. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $3.85 price target (up previously from $3.40) on shares of Groupon in a research report on Thursday, August 3rd. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.58.
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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