River & Mercantile Asset Management LLP boosted its holdings in shares of Groupon Inc (NASDAQ:GRPN) by 31.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118,761 shares of the coupon company’s stock after acquiring an additional 264,640 shares during the period. River & Mercantile Asset Management LLP owned about 0.20% of Groupon worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of GRPN. Envestnet Asset Management Inc. grew its holdings in Groupon by 115.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 32,063 shares of the coupon company’s stock worth $138,000 after acquiring an additional 17,167 shares in the last quarter. Commonwealth Bank of Australia bought a new position in Groupon during the 3rd quarter worth about $190,000. Blair William & Co. IL bought a new position in Groupon during the 3rd quarter worth about $218,000. Stevens Capital Management LP grew its holdings in Groupon by 240.3% during the 3rd quarter. Stevens Capital Management LP now owns 58,182 shares of the coupon company’s stock worth $219,000 after acquiring an additional 41,086 shares in the last quarter. Finally, Balter Liquid Alternatives LLC bought a new position in Groupon during the 2nd quarter worth about $248,000. Institutional investors own 66.97% of the company’s stock.
Several analysts have commented on GRPN shares. BidaskClub raised shares of Groupon from a “strong sell” rating to a “sell” rating in a research report on Friday, November 23rd. B. Riley decreased their price target on shares of Groupon from $6.30 to $5.60 and set a “buy” rating for the company in a research report on Thursday, November 8th. Zacks Investment Research lowered shares of Groupon from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. TheStreet lowered shares of Groupon from a “c-” rating to a “d+” rating in a research report on Wednesday, September 26th. Finally, Wedbush reissued a “neutral” rating and set a $4.00 price target on shares of Groupon in a research report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Groupon has an average rating of “Hold” and an average price target of $5.20.
Shares of Groupon stock opened at $3.10 on Friday. The company has a market capitalization of $1.76 billion, a P/E ratio of 61.60, a P/E/G ratio of 11.67 and a beta of 1.75. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. Groupon Inc has a 52 week low of $2.80 and a 52 week high of $5.88.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, November 7th. The coupon company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $592.90 million during the quarter, compared to analyst estimates of $602.08 million. Groupon had a negative net margin of 0.35% and a positive return on equity of 11.15%. Groupon’s revenue was down 6.6% compared to the same quarter last year. Analysts expect that Groupon Inc will post 0.09 EPS for the current fiscal year.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $3.04, for a total value of $4,560,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.90% of the company’s stock.
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, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.
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