Lombard Odier Asset Management Europe Ltd Trims Stock Position in Groupon, Inc. $GRPN

Lombard Odier Asset Management Europe Ltd lowered its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 56.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 82,258 shares of the coupon company’s stock after selling 108,719 shares during the period. Lombard Odier Asset Management Europe Ltd owned about 0.20% of Groupon worth $1,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Groupon in the 3rd quarter valued at about $32,000. Johnson Financial Group Inc. purchased a new position in shares of Groupon in the 4th quarter valued at about $35,000. Quarry LP increased its stake in shares of 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 in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Groupon in the 2nd quarter valued at about $69,000. Finally, National Bank of Canada FI increased its stake in shares of Groupon by 172,400.0% in the 3rd quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock valued at $81,000 after purchasing an additional 3,448 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Stock Performance

Shares of GRPN opened at $17.26 on Wednesday. The company has a market capitalization of $655.53 million, a price-to-earnings ratio of -6.61 and a beta of 0.25. Groupon, Inc. has a fifty-two week low of $9.17 and a fifty-two week high of $43.08. The firm has a 50-day simple moving average of $16.23 and a 200-day simple moving average of $15.04.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The firm had revenue of $117.20 million during the quarter, compared to analyst estimates of $117.65 million. Groupon had a negative net margin of 20.78% and a negative return on equity of 717.37%. Equities research analysts forecast that Groupon, Inc. will post -0.13 EPS for the current year.

Analysts Set New Price Targets

GRPN has been the topic of several research analyst reports. Wall Street Zen cut Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. The Goldman Sachs Group reiterated a “sell” rating and issued a $13.00 price objective (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Citigroup reiterated an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Northland Securities set a $26.00 target price on Groupon in a research report on Wednesday, May 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Groupon in a research report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.67.

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.