Virtu Financial LLC bought a new stake in Groupon Inc (NASDAQ:GRPN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 312,656 shares of the coupon company’s stock, valued at approximately $1,595,000. Virtu Financial LLC owned about 0.06% of Groupon as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Nationwide Fund Advisors purchased a new stake in shares of Groupon in the 2nd quarter valued at about $1,093,000. Westpac Banking Corp lifted its holdings in shares of Groupon by 41.9% in the 4th quarter. Westpac Banking Corp now owns 239,360 shares of the coupon company’s stock valued at $1,221,000 after purchasing an additional 70,690 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Groupon in the 4th quarter valued at about $1,518,000. Global X MANAGEMENT CO LLC lifted its holdings in shares of Groupon by 16.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 559,862 shares of the coupon company’s stock valued at $2,911,000 after purchasing an additional 78,027 shares during the last quarter. Finally, River & Mercantile Asset Management LLP lifted its holdings in shares of Groupon by 24.0% in the 4th quarter. River & Mercantile Asset Management LLP now owns 812,460 shares of the coupon company’s stock valued at $4,139,000 after purchasing an additional 157,290 shares during the last quarter. 57.01% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently weighed in on GRPN. BidaskClub downgraded Groupon from a “hold” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. reduced their price objective on Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 15th. Morgan Stanley reaffirmed a “sell” rating and set a $4.30 price objective on shares of Groupon in a research note on Thursday, February 15th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $4.80 price objective on shares of Groupon in a research note on Thursday, February 15th. Finally, Zacks Investment Research downgraded Groupon from a “hold” rating to a “sell” rating in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Groupon presently has an average rating of “Hold” and a consensus price target of $5.08.
Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The business had revenue of $873.17 million for the quarter, compared to analysts’ expectations of $853.13 million. Groupon had a return on equity of 0.22% and a net margin of 0.49%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share. research analysts anticipate that Groupon Inc will post 0.03 earnings per share for the current year.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brian Stevens sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the sale, the chief accounting officer now owns 222,354 shares in the company, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.
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Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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