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

Lombard Odier Asset Management Europe Ltd lifted its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 24.1% in the first quarter, Holdings Channel.com reports. The fund owned 102,118 shares of the coupon company’s stock after purchasing an additional 19,860 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Groupon were worth $1,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in Groupon by 48.1% in the third quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock valued at $45,000 after acquiring an additional 629 shares in the last quarter. Royal Bank of Canada raised its holdings in Groupon by 18.7% in the 4th quarter. Royal Bank of Canada now owns 6,887 shares of the coupon company’s stock worth $122,000 after purchasing an additional 1,085 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Groupon in the 3rd quarter worth $32,000. Franklin Resources Inc. lifted its position in shares of Groupon by 6.9% in the 4th quarter. Franklin Resources Inc. now owns 21,340 shares of the coupon company’s stock worth $376,000 after purchasing an additional 1,377 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Groupon by 4.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 32,126 shares of the coupon company’s stock worth $566,000 after purchasing an additional 1,486 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

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

Groupon Stock Performance

Shares of Groupon stock opened at $25.81 on Monday. Groupon, Inc. has a 12 month low of $9.17 and a 12 month high of $43.08. The firm has a market capitalization of $980.26 million, a P/E ratio of -9.89 and a beta of 0.23. The business has a fifty day simple moving average of $21.32 and a two-hundred day simple moving average of $16.35.

Groupon (NASDAQ:GRPN) last released its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The firm had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. Analysts predict that Groupon, Inc. will post -0.17 earnings per share for the current 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.