Lombard Odier Asset Management Europe Ltd Purchases 19,860 Shares of Groupon, Inc. $GRPN

Lombard Odier Asset Management Europe Ltd raised its position in Groupon, Inc. (NASDAQ:GRPN) by 24.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,118 shares of the coupon company’s stock after acquiring an additional 19,860 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Groupon were worth $1,215,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of GRPN. Caitong International Asset Management Co. Ltd acquired a new position in shares of Groupon during the 3rd quarter worth about $32,000. Quarry LP lifted its stake in Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after purchasing an additional 629 shares during the last quarter. Johnson Financial Group Inc. acquired a new stake in Groupon in the 4th quarter valued at about $35,000. Raymond James Financial Inc. bought a new position in Groupon during the second quarter worth about $69,000. Finally, Tower Research Capital LLC TRC grew its holdings in Groupon by 386.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,547 shares of the coupon company’s stock worth $85,000 after purchasing an additional 2,023 shares during the period. Institutional investors own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on GRPN shares. The Goldman Sachs Group restated a “sell” rating and issued a $13.00 price objective (up from $10.00) on shares of Groupon in a research note on Tuesday, May 12th. Northland Securities set a $26.00 target price on Groupon in a research note on Wednesday, May 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Groupon in a report on Tuesday, June 9th. Citigroup reissued an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Finally, Wall Street Zen cut Groupon from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

Groupon Stock Performance

GRPN opened at $27.65 on Tuesday. The stock has a fifty day moving average of $22.49 and a 200-day moving average of $16.82. The company has a market capitalization of $1.05 billion, a P/E ratio of -10.59 and a beta of 0.23. Groupon, Inc. has a fifty-two week low of $9.17 and a fifty-two week high of $43.08.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The company had revenue of $117.20 million for the quarter, compared to analyst estimates of $117.65 million. On average, equities research analysts predict that Groupon, Inc. will post -0.17 earnings per share for the current fiscal year.

Groupon Profile

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.