Gabelli Funds LLC reduced its position in Groupon Inc (NASDAQ:GRPN) by 20.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 800,000 shares of the coupon company’s stock after selling 200,000 shares during the period. Gabelli Funds LLC’s holdings in Groupon were worth $2,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GRPN. Nadler Financial Group Inc. purchased a new stake in shares of Groupon in the fourth quarter valued at approximately $49,000. Gamco Investors INC. ET AL boosted its holdings in shares of Groupon by 50.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 315,423 shares of the coupon company’s stock valued at $1,009,000 after purchasing an additional 105,158 shares during the period. Marathon Trading Investment Management LLC purchased a new stake in shares of Groupon in the fourth quarter valued at approximately $47,000. Norges Bank purchased a new stake in shares of Groupon in the fourth quarter valued at approximately $17,733,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Groupon by 30.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,068 shares of the coupon company’s stock valued at $2,122,000 after purchasing an additional 153,174 shares during the period. 69.89% of the stock is currently owned by institutional investors.

In other Groupon news, Director Eric P. Lefkofsky sold 3,000,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $3.33, for a total transaction of $9,990,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.50% of the stock is owned by corporate insiders.

Groupon stock opened at $3.48 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 38.67, a P/E/G ratio of 7.81 and a beta of 1.44. Groupon Inc has a twelve month low of $2.80 and a twelve month high of $5.52.

Groupon (NASDAQ:GRPN) last posted its earnings results on Tuesday, April 30th. The coupon company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $578.40 million during the quarter, compared to analyst estimates of $552.97 million. Groupon had a positive return on equity of 18.28% and a negative net margin of 1.80%. Groupon’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Analysts anticipate that Groupon Inc will post 0.07 earnings per share for the current fiscal year.

GRPN has been the subject of a number of research reports. BidaskClub upgraded Groupon from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Zacks Investment Research upgraded Groupon from a “sell” rating to a “hold” rating in a report on Tuesday, March 26th. Goldman Sachs Group initiated coverage on Groupon in a report on Monday, February 4th. They issued a “neutral” rating and a $3.50 price target for the company. Finally, ValuEngine lowered Groupon from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.32.

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Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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