SG Americas Securities LLC Has $3.22 Million Holdings in Groupon, Inc. $GRPN

SG Americas Securities LLC raised its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 37.0% during the 1st quarter, HoldingsChannel reports. The fund owned 270,682 shares of the coupon company’s stock after purchasing an additional 73,136 shares during the period. SG Americas Securities LLC’s holdings in Groupon were worth $3,221,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in GRPN. Hsbc Holdings PLC lifted its position in shares of Groupon by 125.2% in the fourth quarter. Hsbc Holdings PLC now owns 41,501 shares of the coupon company’s stock worth $731,000 after purchasing an additional 23,072 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in Groupon by 135.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,185 shares of the coupon company’s stock valued at $56,000 after purchasing an additional 1,835 shares in the last quarter. Invesco Ltd. increased its stake in Groupon by 9.1% in the 4th quarter. Invesco Ltd. now owns 47,588 shares of the coupon company’s stock valued at $838,000 after buying an additional 3,968 shares during the period. SummitTX Capital L.P. acquired a new position in Groupon in the 4th quarter valued at approximately $269,000. Finally, Prentice Capital Management LP lifted its position in Groupon by 40.6% in the 4th quarter. Prentice Capital Management LP now owns 497,503 shares of the coupon company’s stock worth $8,761,000 after buying an additional 143,739 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Stock Up 1.9%

NASDAQ GRPN opened at $24.06 on Wednesday. The stock has a market capitalization of $913.80 million, a PE ratio of -9.22 and a beta of 0.25. Groupon, Inc. has a 12-month low of $9.17 and a 12-month high of $43.08. The company has a 50 day moving average price of $17.58 and a two-hundred day moving average price of $15.19.

Groupon (NASDAQ:GRPN) last announced its quarterly 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 business had revenue of $117.20 million for the quarter, compared to analyst estimates of $117.65 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 20.78%. As a group, equities analysts anticipate that Groupon, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

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