Bleakley Financial Group LLC Makes New $236,000 Investment in Groupon, Inc. $GRPN

Bleakley Financial Group LLC acquired a new position in shares of Groupon, Inc. (NASDAQ:GRPN) during the first quarter, HoldingsChannel reports. The institutional investor acquired 19,850 shares of the coupon company’s stock, valued at approximately $236,000.

Several other institutional investors have also modified their holdings of the stock. Quarry LP grew its position in shares of Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after buying an additional 629 shares during the last quarter. Royal Bank of Canada raised its stake in Groupon by 18.7% during the 4th quarter. Royal Bank of Canada now owns 6,887 shares of the coupon company’s stock worth $122,000 after acquiring an additional 1,085 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Groupon in the third quarter valued at $32,000. Franklin Resources Inc. lifted its position in Groupon by 6.9% in the fourth quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock valued at $376,000 after acquiring an additional 1,377 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Groupon by 4.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,126 shares of the coupon company’s stock valued at $566,000 after acquiring an additional 1,486 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Price Performance

Shares of Groupon stock opened at $27.83 on Monday. The firm’s fifty day simple moving average is $20.40 and its 200-day simple moving average is $16.02. Groupon, Inc. has a 12 month low of $9.17 and a 12 month high of $43.08. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -10.66 and a beta of 0.23.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. Analysts anticipate that Groupon, Inc. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

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