Groupon Inc (GRPN) Holdings Raised by Allianz Asset Management GmbH
Allianz Asset Management GmbH raised its position in Groupon Inc (NASDAQ:GRPN) by 28.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,925,535 shares of the coupon company’s stock after purchasing an additional 1,989,085 shares during the period. Allianz Asset Management GmbH owned 1.60% of Groupon worth $46,413,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in GRPN. Aperio Group LLC boosted its holdings in shares of Groupon by 4.6% in the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after buying an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Groupon during the 2nd quarter worth $116,000. Prudential Financial Inc. boosted its stake in Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after purchasing an additional 19,408 shares during the period. ProShare Advisors LLC acquired a new stake in Groupon during the 2nd quarter worth $122,000. Finally, New York State Teachers Retirement System acquired a new stake in Groupon during the 3rd quarter worth $122,000. 60.04% of the stock is currently owned by institutional investors.
Groupon Inc (GRPN) opened at $5.79 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon Inc has a twelve month low of $2.90 and a twelve month high of $5.99.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) EPS. analysts expect that Groupon Inc will post -0.02 EPS for the current fiscal year.
GRPN has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Monday, November 6th. TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Citigroup increased their price target on shares of Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Vetr cut shares of Groupon from a “strong-buy” rating to a “strong sell” rating and set a $3.68 price target for the company. in a research note on Thursday, November 2nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target (up previously from $5.50) on shares of Groupon in a research note on Wednesday, November 1st. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.99.
In other news, insider James Sullivan sold 25,000 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $4.90, for a total value of $122,500.00. Following the completion of the transaction, the insider now owns 353,524 shares in the company, valued at approximately $1,732,267.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Stevens sold 20,000 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total transaction of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock valued at $368,950 in the last quarter. 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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