Lombard Odier Asset Management Europe Ltd Purchases 19,860 Shares of Groupon, Inc. $GRPN

Lombard Odier Asset Management Europe Ltd lifted its position in Groupon, Inc. (NASDAQ:GRPN) by 24.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,118 shares of the coupon company’s stock after purchasing an additional 19,860 shares during the quarter. Lombard Odier Asset Management Europe Ltd owned 0.27% of Groupon worth $1,215,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Groupon in the third quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new position in shares of Groupon during the fourth quarter worth approximately $35,000. Quarry LP raised its stake in shares of Groupon by 48.1% during the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after acquiring an additional 629 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Groupon in the 2nd quarter worth approximately $69,000. Finally, National Bank of Canada FI lifted its holdings in shares of Groupon by 172,400.0% in the 3rd quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock worth $81,000 after acquiring an additional 3,448 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors.

Groupon Stock Performance

Shares of Groupon stock opened at $25.81 on Monday. Groupon, Inc. has a 52-week low of $9.17 and a 52-week high of $43.08. The stock has a market capitalization of $980.26 million, a price-to-earnings ratio of -9.89 and a beta of 0.23. The company’s 50 day moving average price is $21.32 and its 200-day moving average price is $16.35.

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The company had revenue of $117.20 million for the quarter, compared to the consensus estimate of $117.65 million. As a group, equities research analysts forecast that Groupon, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on GRPN shares. Citigroup reaffirmed an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Wall Street Zen lowered shares of Groupon from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Finally, Northland Securities set a $26.00 price objective on Groupon in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

About Groupon

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.