58,399 Shares in Groupon, Inc. (GRPN) Purchased by Parametrica Management Ltd
Parametrica Management Ltd acquired a new position in Groupon, Inc. (NASDAQ:GRPN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 58,399 shares of the coupon company’s stock, valued at approximately $304,000.
Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Groupon by 8.1% in the second quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares during the period. First Trust Advisors LP grew its position in Groupon by 43.4% during the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after buying an additional 4,937,648 shares in the last quarter. State Street Corp grew its position in Groupon by 38.2% during the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after buying an additional 2,440,783 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Groupon by 40.2% during the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,451,180 shares of the coupon company’s stock worth $43,946,000 after buying an additional 2,421,825 shares in the last quarter. Finally, Pictet Asset Management Ltd. acquired a new stake in Groupon during the third quarter worth about $37,704,000. Institutional investors and hedge funds own 55.39% of the company’s stock.
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Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The firm had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. During the same quarter last year, the business posted ($0.01) earnings per share. The company’s quarterly revenue was down 7.6% on a year-over-year basis.
In other Groupon news, Director Peter J. Barris sold 562,719 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $3.96, for a total value of $2,228,367.24. Following the sale, the director now owns 168,887 shares in the company, valued at $668,792.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $3.96, for a total transaction of $99,000.00. Following the completion of the sale, the insider now owns 343,353 shares in the company, valued at approximately $1,359,677.88. The disclosure for this sale can be found here. Insiders sold 2,872,719 shares of company stock worth $12,375,267 in the last 90 days. Company insiders own 23.40% of the company’s stock.
GRPN has been the topic of a number of recent research reports. Bank of America Corporation reissued an “underperform” rating and set a $3.50 target price on shares of Groupon in a research report on Friday, July 21st. Morgan Stanley reissued an “underweight” rating and set a $3.20 target price (down from $3.50) on shares of Groupon in a research report on Wednesday, July 26th. BidaskClub downgraded Groupon from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. ValuEngine downgraded Groupon from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, B. Riley reaffirmed a “buy” rating and set a $5.50 price objective on shares of Groupon in a report on Thursday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $4.79.
Groupon Company Profile
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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