Allianz Asset Management GmbH Decreases Holdings in Groupon Inc (GRPN)
Allianz Asset Management GmbH reduced its stake in shares of Groupon Inc (NASDAQ:GRPN) by 5.0% during the 4th quarter, HoldingsChannel reports. The firm owned 8,480,674 shares of the coupon company’s stock after selling 444,861 shares during the period. Allianz Asset Management GmbH’s holdings in Groupon were worth $43,251,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price Michael F grew its holdings in shares of Groupon by 390.0% during the 4th quarter. Price Michael F now owns 490,000 shares of the coupon company’s stock worth $2,499,000 after purchasing an additional 390,000 shares in the last quarter. B. Riley Financial Inc. acquired a new stake in shares of Groupon during the 4th quarter worth $907,000. Virtu Financial LLC acquired a new stake in shares of Groupon during the 4th quarter worth $1,595,000. UBS Asset Management Americas Inc. grew its holdings in shares of Groupon by 6.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 285,237 shares of the coupon company’s stock worth $1,455,000 after purchasing an additional 18,426 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Groupon by 3.6% during the 4th quarter. BlackRock Inc. now owns 22,722,720 shares of the coupon company’s stock worth $115,886,000 after purchasing an additional 789,380 shares in the last quarter. 57.01% of the stock is currently owned by institutional investors.
In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 23.40% of the stock is currently owned by company insiders.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, February 14th. The coupon company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $873.17 million during the quarter, compared to the consensus estimate of $853.13 million. Groupon had a net margin of 5.85% and a return on equity of 87.83%. Groupon’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. equities research analysts anticipate that Groupon Inc will post 0.03 EPS for the current fiscal year.
Several analysts recently weighed in on GRPN shares. Zacks Investment Research upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a research report on Monday, November 6th. Vetr upgraded Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 price objective for the company in a research report on Tuesday, November 7th. Piper Jaffray Companies restated a “buy” rating and set a $6.25 price objective on shares of Groupon in a research report on Monday, November 20th. DA Davidson restated a “buy” rating on shares of Groupon in a research report on Thursday, November 30th. Finally, BidaskClub downgraded Groupon from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Groupon presently has a consensus rating of “Hold” and a consensus price target of $5.08.
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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