Groupon, Inc. $GRPN Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Groupon, Inc. (NASDAQ:GRPN) by 764.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,546 shares of the coupon company’s stock after acquiring an additional 174,705 shares during the period. SG Americas Securities LLC’s holdings in Groupon were worth $3,479,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of GRPN. Caitong International Asset Management Co. Ltd purchased a new position in shares of Groupon during the third quarter worth about $32,000. CWM LLC lifted its holdings in shares of Groupon by 85.2% in the 3rd quarter. CWM LLC now owns 1,858 shares of the coupon company’s stock valued at $43,000 after purchasing an additional 855 shares during the last quarter. Quarry LP boosted its position 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 during the period. Raymond James Financial Inc. acquired a new stake in shares of Groupon in the 2nd quarter valued at about $69,000. Finally, New York State Teachers Retirement System purchased a new position in Groupon during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Stock Performance

Shares of NASDAQ:GRPN opened at $11.50 on Friday. Groupon, Inc. has a one year low of $9.17 and a one year high of $43.08. The stock has a market capitalization of $468.51 million, a price-to-earnings ratio of -5.42 and a beta of -0.04. The company has a 50-day simple moving average of $12.38 and a 200-day simple moving average of $16.63.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, March 10th. The coupon company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The company had revenue of $132.71 million for the quarter, compared to analysts’ expectations of $137.34 million. Groupon had a negative return on equity of 717.37% and a negative net margin of 16.76%. As a group, research analysts forecast that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on GRPN shares. The Goldman Sachs Group cut their price target on Groupon from $17.00 to $10.00 and set a “sell” rating on the stock in a research report on Thursday, March 12th. Weiss Ratings restated a “sell (d)” rating on shares of Groupon in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Groupon presently has an average rating of “Hold” and an average price target of $33.67.

Groupon Company 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.