Lombard Odier Asset Management Europe Ltd Buys 19,860 Shares of Groupon, Inc. $GRPN

Lombard Odier Asset Management Europe Ltd lifted its position in Groupon, Inc. (NASDAQ:GRPN) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,118 shares of the coupon company’s stock after acquiring an additional 19,860 shares during the period. Lombard Odier Asset Management Europe Ltd owned approximately 0.27% of Groupon worth $1,215,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of Groupon in the 1st quarter valued at $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Groupon by 31.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company’s stock worth $837,000 after acquiring an additional 10,588 shares in the last quarter. Legal & General Group Plc raised its position in shares of Groupon by 1,098.1% during the second quarter. Legal & General Group Plc now owns 26,658 shares of the coupon company’s stock worth $892,000 after purchasing an additional 24,433 shares during the period. Rhumbline Advisers lifted its holdings in shares of Groupon by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 36,632 shares of the coupon company’s stock valued at $1,225,000 after purchasing an additional 3,219 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Groupon by 47.6% during the 2nd quarter. American Century Companies Inc. now owns 47,073 shares of the coupon company’s stock valued at $1,575,000 after purchasing an additional 15,177 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Analyst Upgrades and Downgrades

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

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $27.65 on Tuesday. The company’s 50-day moving average price is $22.49 and its two-hundred day moving average price is $16.82. 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 $1.05 billion, a PE ratio of -10.59 and a beta of 0.23.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The firm had revenue of $117.20 million during the quarter, compared to the consensus estimate of $117.65 million. On average, analysts anticipate that Groupon, Inc. will post -0.17 earnings per share for the current fiscal 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.