Groupon, Inc. (NASDAQ:GRPN) Shares Bought by First Trust Advisors LP
First Trust Advisors LP increased its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 43.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,324,191 shares of the coupon company’s stock after buying an additional 4,937,648 shares during the period. First Trust Advisors LP’s holdings in Groupon were worth $62,685,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in Groupon by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 1,424,065 shares of the coupon company’s stock worth $5,596,000 after buying an additional 74,298 shares in the last quarter. Wells Fargo & Company MN raised its position in Groupon by 177.5% in the first quarter. Wells Fargo & Company MN now owns 510,797 shares of the coupon company’s stock worth $2,008,000 after buying an additional 326,756 shares in the last quarter. North Star Investment Management Corp. raised its position in Groupon by 45.5% in the first quarter. North Star Investment Management Corp. now owns 32,000 shares of the coupon company’s stock worth $126,000 after buying an additional 10,000 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in Groupon during the first quarter worth approximately $18,078,000. Finally, New Jersey Better Educational Savings Trust bought a new position in Groupon during the first quarter worth approximately $432,000. Institutional investors and hedge funds own 56.27% of the company’s stock.
Groupon, Inc. (NASDAQ:GRPN) opened at 3.95 on Friday. The firm’s market cap is $2.20 billion. Groupon, Inc. has a 1-year low of $2.90 and a 1-year high of $5.80. The company has a 50-day moving average of $3.82 and a 200-day moving average of $3.72.
Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The firm had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. During the same quarter in the prior year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was down 8.5% on a year-over-year basis. Analysts predict that Groupon, Inc. will post $0.12 earnings per share for the current year.
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A number of research analysts recently commented on the stock. UBS AG reiterated a “sell” rating and set a $3.10 price objective (up previously from $2.85) on shares of Groupon in a research note on Thursday, August 3rd. Barclays PLC reiterated an “underweight” rating and set a $3.85 price objective (up previously from $3.40) on shares of Groupon in a research note on Thursday, August 3rd. Cowen and Company reiterated a “sell” rating and set a $3.50 price objective on shares of Groupon in a research note on Thursday, August 3rd. Credit Suisse Group reiterated a “neutral” rating on shares of Groupon in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Groupon has a consensus rating of “Hold” and an average target price of $4.59.
In other Groupon news, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total value of $31,500.00. Following the completion of the sale, the chief accounting officer now owns 204,141 shares of the company’s stock, valued at $643,044.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter J. Barris sold 281,352 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were 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 approximately $355,445.92. The disclosure for this sale can be found here. Insiders sold 854,071 shares of company stock valued at $3,115,177 in the last ninety days. Insiders own 23.40% of the company’s stock.
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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