Global X MANAGEMENT CO LLC lifted its holdings in Groupon, Inc. (NASDAQ:GRPN) by 16.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 559,862 shares of the coupon company’s stock after purchasing an additional 78,027 shares during the period. Global X MANAGEMENT CO LLC owned about 0.10% of Groupon worth $2,911,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of GRPN. Aperio Group LLC increased its holdings in Groupon by 4.6% in the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after acquiring an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Groupon during the 2nd quarter valued at approximately $116,000. Prudential Financial Inc. grew its holdings in Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares in the last quarter. ProShare Advisors LLC purchased a new stake in Groupon during the 2nd quarter valued at approximately $122,000. Finally, New York State Teachers Retirement System purchased a new stake in Groupon during the 3rd quarter valued at approximately $122,000. Hedge funds and other institutional investors own 55.03% of the company’s stock.
Groupon, Inc. (NASDAQ:GRPN) opened at $5.32 on Tuesday. Groupon, Inc. has a 12 month low of $2.90 and a 12 month high of $5.67. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The business had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. During the same quarter in the prior year, the company posted ($0.01) EPS. The company’s quarterly revenue was down 7.6% on a year-over-year basis. equities research analysts anticipate that Groupon, Inc. will post -0.02 EPS for the current year.
GRPN has been the subject of a number of research reports. B. Riley reiterated a “buy” rating and set a $5.50 target price on shares of Groupon in a research report on Thursday, August 3rd. BidaskClub upgraded Groupon from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Barclays PLC increased their target price on Groupon from $3.85 to $4.40 and gave the company an “underweight” rating in a research report on Thursday, November 2nd. Vetr upgraded Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 price target for the company in a research report on Tuesday, November 7th. Finally, DA Davidson restated a “buy” rating and issued a $6.50 price target on shares of Groupon in a research report on Thursday, November 2nd. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $4.94.
In related news, CAO Brian Stevens sold 10,000 shares of the stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $4.04, for a total transaction of $40,400.00. Following the transaction, the chief accounting officer now owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $4.39, for a total value of $6,585,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,285,000 shares of company stock worth $10,047,900. 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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