Groupon, Inc. $GRPN Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Groupon, Inc. (NASDAQ:GRPN) by 37.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,682 shares of the coupon company’s stock after acquiring an additional 73,136 shares during the period. SG Americas Securities LLC owned approximately 0.70% of Groupon worth $3,221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Groupon by 552.5% during the 2nd quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock valued at $38,017,000 after purchasing an additional 962,337 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Groupon by 749.0% in the fourth quarter. Millennium Management LLC now owns 791,498 shares of the coupon company’s stock valued at $13,938,000 after buying an additional 698,270 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Groupon by 22.2% in the third quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock valued at $49,235,000 after buying an additional 383,277 shares during the period. ExodusPoint Capital Management LP bought a new position in Groupon during the fourth quarter valued at about $5,993,000. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its stake in Groupon by 147.7% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 528,089 shares of the coupon company’s stock valued at $9,300,000 after buying an additional 314,896 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Groupon Price Performance

GRPN stock opened at $24.06 on Wednesday. Groupon, Inc. has a 52-week low of $9.17 and a 52-week high of $43.08. The company’s 50 day simple moving average is $17.58 and its 200-day simple moving average is $15.19. The firm has a market capitalization of $913.80 million, a P/E ratio of -9.22 and a beta of 0.25.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%.The firm had revenue of $117.20 million during the quarter, compared to analyst estimates of $117.65 million. Sell-side analysts predict that Groupon, Inc. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Groupon Profile

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.