Gargoyle Investment Advisor L.L.C. maintained its position in Groupon Inc. (NASDAQ:GRPN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,511 shares of the coupon company’s stock at the end of the second quarter. Gargoyle Investment Advisor L.L.C.’s holdings in Groupon were worth $193,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in GRPN. M&T Bank Corp acquired a new position in Groupon during the first quarter valued at approximately $107,000. Invictus RG raised its position in Groupon by 79.9% in the first quarter. Invictus RG now owns 30,777 shares of the coupon company’s stock valued at $123,000 after buying an additional 13,670 shares during the period. Legal & General Group Plc raised its position in Groupon by 61.1% in the first quarter. Legal & General Group Plc now owns 36,479 shares of the coupon company’s stock valued at $145,000 after buying an additional 13,839 shares during the period. Bayesian Capital Management LP acquired a new position in Groupon during the first quarter valued at approximately $220,000. Finally, BlackRock Inc. raised its position in Groupon by 559.2% in the first quarter. BlackRock Inc. now owns 57,948 shares of the coupon company’s stock valued at $231,000 after buying an additional 49,158 shares during the period. Institutional investors and hedge funds own 54.60% of the company’s stock.
Groupon Inc. (NASDAQ:GRPN) traded up 0.19% on Friday, reaching $5.15. 4,311,408 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $5.30 and a 200-day moving average of $4.30. The stock’s market cap is $2.96 billion. Groupon Inc. has a one year low of $2.15 and a one year high of $5.94.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The company had revenue of $756.03 million for the quarter, compared to analysts’ expectations of $710.94 million. During the same quarter in the previous year, the company posted $0.02 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis.
Several research firms have commented on GRPN. Vetr upgraded shares of Groupon from a “sell” rating to a “buy” rating and set a $4.20 price objective for the company in a research report on Monday, July 18th. Boenning Scattergood initiated coverage on shares of Groupon in a research note on Thursday, September 29th. They issued a “neutral” rating on the stock. Jefferies Group reissued a “hold” rating on shares of Groupon in a research note on Monday, July 11th. B. Riley reissued a “neutral” rating and issued a $4.50 target price on shares of Groupon in a research note on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. increased their target price on shares of Groupon from $4.10 to $4.40 and gave the company a “neutral” rating in a research note on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $6.53.
In other Groupon news, Director Peter J. Barris sold 730,349 shares of Groupon stock in a transaction on Friday, August 12th. The shares were sold at an average price of $5.69, for a total transaction of $4,155,685.81. Following the sale, the director now owns 116,923 shares of the company’s stock, valued at approximately $665,291.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James Sullivan sold 20,000 shares of Groupon stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $5.81, for a total transaction of $116,200.00. Following the sale, the insider now directly owns 299,778 shares in the company, valued at approximately $1,741,710.18. The disclosure for this sale can be found here. Company insiders own 23.86% of the company’s stock.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World).
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