Greenhouse Funds LLLP lifted its holdings in shares of Groupon Inc (NASDAQ:GRPN) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,013,742 shares of the coupon company’s stock after purchasing an additional 983,481 shares during the quarter. Groupon comprises approximately 7.2% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 2nd biggest position. Greenhouse Funds LLLP owned 0.90% of Groupon worth $25,570,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in GRPN. Parametrica Management Ltd lifted its stake in Groupon by 26.4% during the 4th quarter. Parametrica Management Ltd now owns 73,789 shares of the coupon company’s stock worth $376,000 after acquiring an additional 15,390 shares in the last quarter. American International Group Inc. lifted its stake in Groupon by 8.1% during the 3rd quarter. American International Group Inc. now owns 227,807 shares of the coupon company’s stock worth $1,185,000 after acquiring an additional 17,033 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Groupon by 5.3% during the 3rd quarter. New York State Common Retirement Fund now owns 351,800 shares of the coupon company’s stock worth $1,829,000 after acquiring an additional 17,800 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Groupon by 6.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 285,237 shares of the coupon company’s stock worth $1,455,000 after acquiring an additional 18,426 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Groupon by 61.4% during the 4th quarter. SG Americas Securities LLC now owns 52,136 shares of the coupon company’s stock worth $266,000 after acquiring an additional 19,838 shares in the last quarter. Institutional investors and hedge funds own 63.58% of the company’s stock.
Several equities analysts recently issued reports on GRPN shares. Vetr raised Groupon from a “hold” rating to a “buy” rating and set a $6.09 target price on the stock in a research note on Monday, December 4th. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered Groupon from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $6.25 price target on shares of Groupon in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. reduced their price target on Groupon from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $5.06.
Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Groupon had a net margin of 0.49% and a return on equity of 0.22%. The business had revenue of $873.17 million during the quarter, compared to analysts’ expectations of $853.13 million. During the same quarter in the previous year, the company posted $0.07 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. sell-side analysts forecast that Groupon Inc will post 0.03 earnings per share for the current year.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.60, for a total transaction of $6,900,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brian Stevens sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $4.61, for a total value of $69,150.00. Following the transaction, the chief accounting officer now owns 232,751 shares in the company, valued at approximately $1,072,982.11. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.
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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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