Jane Street Group LLC Raises Stake in Groupon Inc (GRPN)

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Jane Street Group LLC raised its holdings in shares of Groupon Inc (NASDAQ:GRPN) by 658.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 153,546 shares of the coupon company’s stock after acquiring an additional 133,300 shares during the quarter. Jane Street Group LLC’s holdings in Groupon were worth $660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GRPN. Wells Fargo & Company MN grew its stake in shares of Groupon by 137.2% during the 1st quarter. Wells Fargo & Company MN now owns 3,631,886 shares of the coupon company’s stock worth $15,762,000 after acquiring an additional 2,101,043 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Groupon by 10.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 2,398,383 shares of the coupon company’s stock valued at $10,409,000 after buying an additional 234,121 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Groupon by 0.9% in the 1st quarter. BlackRock Inc. now owns 22,933,886 shares of the coupon company’s stock valued at $99,535,000 after buying an additional 211,166 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Groupon by 31.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,339,668 shares of the coupon company’s stock valued at $23,174,000 after buying an additional 1,281,984 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Groupon by 7.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 1,004,919 shares of the coupon company’s stock valued at $4,361,000 after buying an additional 65,454 shares during the last quarter. 66.81% of the stock is owned by institutional investors.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $3.82, for a total transaction of $5,730,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.90% of the company’s stock.

Several research firms have recently commented on GRPN. Zacks Investment Research downgraded Groupon from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Groupon from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 2nd. TheStreet downgraded Groupon from a “c-” rating to a “d+” rating in a report on Wednesday, September 26th. Barclays reissued a “sell” rating and issued a $4.50 price objective on shares of Groupon in a report on Sunday, August 5th. Finally, Morgan Stanley increased their price objective on Groupon from $4.60 to $4.80 and gave the company an “equal weight” rating in a report on Wednesday, July 11th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $5.40.

Shares of Groupon stock opened at $3.31 on Thursday. Groupon Inc has a 1 year low of $3.31 and a 1 year high of $5.99. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -110.33, a price-to-earnings-growth ratio of 16.04 and a beta of 1.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.92 and a quick ratio of 0.92.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Friday, August 3rd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Groupon had a negative net margin of 1.97% and a negative return on equity of 27.12%. The business had revenue of $617.40 million for the quarter, compared to analyst estimates of $632.20 million. During the same period in the prior year, the business earned $0.02 EPS. The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that Groupon Inc will post 0.08 EPS for the current fiscal year.

About Groupon

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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