Groupon, Inc. $GRPN Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 48.3% during the 3rd quarter, Holdings Channel reports. The fund owned 145,517 shares of the coupon company’s stock after selling 136,059 shares during the period. CenterBook Partners LP’s holdings in Groupon were worth $2,875,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in shares of Groupon during the second quarter valued at approximately $1,729,000. Dimensional Fund Advisors LP raised its stake in Groupon by 28.3% in the first quarter. Dimensional Fund Advisors LP now owns 580,873 shares of the coupon company’s stock worth $6,910,000 after buying an additional 128,097 shares in the last quarter. Renaissance Technologies LLC raised its stake in Groupon by 464.1% in the first quarter. Renaissance Technologies LLC now owns 619,413 shares of the coupon company’s stock worth $7,371,000 after buying an additional 509,600 shares in the last quarter. Bank of America Corp DE raised its stake in Groupon by 64.2% in the first quarter. Bank of America Corp DE now owns 636,480 shares of the coupon company’s stock worth $7,574,000 after buying an additional 248,928 shares in the last quarter. Finally, SummitTX Capital L.P. lifted its holdings in Groupon by 432.6% during the first quarter. SummitTX Capital L.P. now owns 81,366 shares of the coupon company’s stock worth $968,000 after buying an additional 66,088 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Groupon Stock Down 0.6%

Shares of GRPN opened at $15.49 on Friday. The company has a 50 day moving average of $18.29 and a two-hundred day moving average of $17.66. Groupon, Inc. has a twelve month low of $9.17 and a twelve month high of $29.90. The company has a market cap of $629.98 million, a price-to-earnings ratio of -4.98 and a beta of 0.29.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Thursday, August 6th. The coupon company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $124.67 million for the quarter, compared to analyst estimates of $127.09 million. On average, sell-side analysts expect that Groupon, Inc. will post -0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen raised Groupon from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Groupon in a report on Friday, September 4th. The Goldman Sachs Group set a $16.00 price target on Groupon in a research report on Wednesday, October 7th. Finally, Northland Securities set a $30.00 price objective on Groupon in a research note on Monday, August 17th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $23.00.

Groupon Company Profile

Groupon, Inc (NASDAQ: GRPN) operates a global e-commerce marketplace that connects consumers with local merchants, service providers and businesses. Through its website and mobile applications, the company offers customers promotions and vouchers for experiences, dining, beauty and wellness services, entertainment, travel and other locally focused activities.

Groupon also provides deals on selected products and merchandise, giving participating businesses a platform to reach new customers and generate demand.