Global X Management Co. LLC Has $1.85 Million Stake in Groupon Inc (NASDAQ:GRPN)
Global X Management Co. LLC boosted its position in Groupon Inc (NASDAQ:GRPN) by 46.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 481,835 shares of the coupon company’s stock after buying an additional 153,414 shares during the period. Global X Management Co. LLC’s holdings in Groupon were worth $1,850,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Karp Capital Management Corp purchased a new position in shares of Groupon during the first quarter worth about $108,000. Aperio Group LLC increased its position in shares of Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Groupon during the fourth quarter worth about $113,000. Invictus RG increased its position in shares of Groupon by 359.6% in the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after buying an additional 22,520 shares during the last quarter. Finally, FNY Managed Accounts LLC purchased a new position in shares of Groupon during the first quarter worth about $117,000. 56.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Groupon Inc (NASDAQ:GRPN) opened at 3.95 on Friday. The firm’s 50-day moving average is $3.82 and its 200 day moving average is $3.72. Groupon Inc has a 52 week low of $2.90 and a 52 week high of $5.80. The firm’s market capitalization is $2.20 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 16.13% and a negative net margin of 0.82%. The firm had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. During the same period last year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities analysts forecast that Groupon Inc will post $0.12 earnings per share for the current year.
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A number of research analysts have recently issued reports on GRPN shares. Maxim Group cut their price objective on shares of Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a research report on Thursday, May 4th. Vetr downgraded shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price objective on the stock. in a research report on Monday, May 1st. B. Riley raised shares of Groupon from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $4.20 to $5.50 in a research report on Thursday, June 29th. Loop Capital reaffirmed a “hold” rating on shares of Groupon in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Groupon in a research report on Friday, May 5th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.59.
In related news, Director Peter J. Barris sold 281,352 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $3.04, for a total transaction of $855,310.08. Following the completion of the sale, the director now directly owns 116,923 shares of the company’s stock, valued at $355,445.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brian Stevens sold 10,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $3.15, for a total value of $31,500.00. Following the sale, the chief accounting officer now directly owns 204,141 shares of the company’s stock, valued at $643,044.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 854,071 shares of company stock valued at $3,115,177. Corporate insiders own 23.40% of the company’s stock.
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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