Groupon, Inc. $GRPN Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 63.1% during the first quarter, Holdings Channel reports. The institutional investor owned 15,316 shares of the coupon company’s stock after selling 26,185 shares during the quarter. Hsbc Holdings PLC’s holdings in Groupon were worth $181,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Groupon in the third quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new stake in shares of Groupon during the 4th quarter worth $35,000. Quarry LP lifted its position in shares of Groupon by 48.1% during the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after purchasing an additional 629 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Groupon during the second quarter worth $69,000. Finally, National Bank of Canada FI grew its stake in shares of Groupon by 172,400.0% during the third quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock worth $81,000 after purchasing an additional 3,448 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GRPN. Weiss Ratings restated a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Citigroup reaffirmed an “outperform” rating on shares of Groupon in a research report on Tuesday, June 9th. Northland Securities set a $26.00 target price on Groupon in a research report on Wednesday, May 27th. The Goldman Sachs Group restated 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. Finally, Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Groupon presently has an average rating of “Hold” and an average target price of $19.50.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $27.65 on Tuesday. Groupon, Inc. has a 12 month low of $9.17 and a 12 month high of $43.08. The firm has a market capitalization of $1.05 billion, a P/E ratio of -10.59 and a beta of 0.23. The company’s fifty day moving average price is $22.49 and its 200 day moving average price is $16.82.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share (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 the consensus estimate of $117.65 million. On average, sell-side analysts anticipate that Groupon, Inc. will post -0.17 EPS for the current year.

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.