California State Teachers Retirement System decreased its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 36.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 601,984 shares of the coupon company’s stock after selling 346,270 shares during the period. California State Teachers Retirement System owned about 0.11% of Groupon worth $2,312,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in GRPN. UBS Asset Management Americas Inc. increased its stake in Groupon by 21.3% during the first quarter. UBS Asset Management Americas Inc. now owns 294,562 shares of the coupon company’s stock valued at $1,158,000 after purchasing an additional 51,657 shares during the last quarter. SG Americas Securities LLC increased its stake in Groupon by 6.8% during the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after purchasing an additional 2,000 shares during the last quarter. Legal & General Group Plc increased its stake in Groupon by 258.3% during the first quarter. Legal & General Group Plc now owns 146,258 shares of the coupon company’s stock valued at $574,000 after purchasing an additional 105,443 shares during the last quarter. Geode Capital Management LLC increased its stake in Groupon by 6.8% during the first quarter. Geode Capital Management LLC now owns 3,145,124 shares of the coupon company’s stock valued at $12,360,000 after purchasing an additional 200,246 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Groupon by 9.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,480,231 shares of the coupon company’s stock valued at $5,818,000 after purchasing an additional 124,790 shares during the last quarter. Hedge funds and other institutional investors own 55.03% of the company’s stock.

In other Groupon news, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the completion of the sale, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James Sullivan sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 353,524 shares of the company’s stock, valued at $1,732,267.60. The disclosure for this sale can be found here. Insiders sold a total of 2,285,000 shares of company stock valued at $10,047,900 over the last three months. 23.40% of the stock is owned by corporate insiders.

Several analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and set a $5.50 target price on shares of Groupon in a research note on Tuesday, August 8th. Bank of America Corporation reiterated an “underperform” rating and set a $3.50 target price on shares of Groupon in a research note on Friday, July 21st. DA Davidson reiterated a “buy” rating and set a $6.50 target price on shares of Groupon in a research note on Thursday, November 2nd. Vetr upgraded shares of Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 target price for the company in a research note on Tuesday, November 7th. Finally, Wedbush reiterated a “positive” rating and set a $4.08 target price (down previously from $4.50) on shares of Groupon in a research note on Wednesday, August 23rd. Seven investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Groupon presently has a consensus rating of “Hold” and an average target price of $4.94.

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Shares of Groupon, Inc. (GRPN) opened at $5.37 on Monday. Groupon, Inc. has a 1-year low of $2.90 and a 1-year high of $5.67. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share 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 the consensus estimate of $642.62 million. During the same period in the prior year, the company earned ($0.01) EPS. Groupon’s revenue was down 7.6% on a year-over-year basis. research analysts forecast that Groupon, Inc. will post -0.02 EPS for the current fiscal year.

Groupon 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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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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