Par Capital Management Inc. lifted its stake in Groupon Inc (NASDAQ:GRPN) by 3.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 56,645,000 shares of the coupon company’s stock after purchasing an additional 2,000,000 shares during the quarter. Groupon comprises about 3.4% of Par Capital Management Inc.’s holdings, making the stock its 8th largest holding. Par Capital Management Inc. owned 9.98% of Groupon worth $202,789,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Moors & Cabot Inc. acquired a new stake in shares of Groupon in the first quarter valued at approximately $40,000. Hellman Jordan Management Co. Inc. MA acquired a new stake in Groupon during the first quarter worth $48,000. Piedmont Investment Advisors Inc. acquired a new stake in Groupon during the first quarter worth $48,000. Altshuler Shaham Ltd acquired a new stake in Groupon during the second quarter worth $179,000. Finally, Tower Research Capital LLC TRC increased its stake in Groupon by 1,594.3% during the second quarter. Tower Research Capital LLC TRC now owns 18,637 shares of the coupon company’s stock worth $67,000 after acquiring an additional 17,537 shares during the last quarter. 67.25% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Robert J. Bass purchased 50,000 shares of the stock in a transaction dated Friday, August 30th. The stock was acquired at an average cost of $2.58 per share, for a total transaction of $129,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.50% of the company’s stock.

Several research firms have issued reports on GRPN. DA Davidson set a $5.00 target price on Groupon and gave the stock a “buy” rating in a research note on Monday, September 9th. ValuEngine cut Groupon from a “hold” rating to a “sell” rating in a research note on Friday, August 16th. Finally, BidaskClub cut Groupon from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Groupon currently has an average rating of “Hold” and a consensus target price of $4.40.

GRPN stock traded down $0.06 during midday trading on Wednesday, hitting $2.86. 78,510 shares of the company’s stock were exchanged, compared to its average volume of 6,068,061. Groupon Inc has a 1-year low of $2.31 and a 1-year high of $4.00. The business has a 50-day simple moving average of $2.66 and a two-hundred day simple moving average of $3.29. The stock has a market capitalization of $1.66 billion, a PE ratio of 31.83 and a beta of 1.34. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.68.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, July 30th. The coupon company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Groupon had a return on equity of 14.29% and a net margin of 0.32%. The firm had revenue of $532.58 million for the quarter, compared to analysts’ expectations of $566.70 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The company’s quarterly revenue was down 13.7% on a year-over-year basis. As a group, research analysts expect that Groupon Inc will post 0.08 EPS for the current fiscal year.

Groupon Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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