Engineers Gate Manager LP acquired a new stake in Groupon Inc (NASDAQ:GRPN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 297,585 shares of the coupon company’s stock, valued at approximately $1,518,000. Engineers Gate Manager LP owned approximately 0.05% of Groupon as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Suntrust Banks Inc. grew its holdings in shares of Groupon by 2.0% in the 2nd quarter. Suntrust Banks Inc. now owns 65,767 shares of the coupon company’s stock valued at $252,000 after acquiring an additional 1,272 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Groupon by 1.9% in the 2nd quarter. Voya Investment Management LLC now owns 152,428 shares of the coupon company’s stock valued at $585,000 after acquiring an additional 2,911 shares in the last quarter. Balyasny Asset Management LLC grew its holdings in shares of Groupon by 1.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 416,325 shares of the coupon company’s stock valued at $1,599,000 after acquiring an additional 5,821 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Groupon by 14.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 58,487 shares of the coupon company’s stock valued at $225,000 after acquiring an additional 7,407 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Groupon by 45.3% in the 2nd quarter. Principal Financial Group Inc. now owns 47,264 shares of the coupon company’s stock valued at $181,000 after acquiring an additional 14,735 shares in the last quarter. Hedge funds and other institutional investors own 59.81% of the company’s stock.
Groupon Inc (GRPN) traded down $0.14 during midday trading on Friday, hitting $4.57. 15,393,400 shares of the company’s stock were exchanged, compared to its average volume of 10,626,375. The company has a market capitalization of $2,644.82, a PE ratio of 229.36, a PEG ratio of 24.79 and a beta of 1.47. The company has a current ratio of 0.95, a quick ratio of 0.86 and a debt-to-equity ratio of 0.75. Groupon Inc has a 12-month low of $2.90 and a 12-month high of $5.99.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 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 analyst estimates of $853.13 million. Groupon had a return on equity of 0.22% and a net margin of 0.49%. Groupon’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS. analysts expect that Groupon Inc will post 0.03 EPS for the current year.
Several equities research analysts recently issued reports on GRPN shares. JPMorgan Chase & Co. cut their target price on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday. Goldman Sachs Group set a $4.80 target price on shares of Groupon and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley set a $4.30 target price on shares of Groupon and gave the company a “sell” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Groupon from a “hold” rating to a “sell” rating in a research report on Monday. Finally, BidaskClub downgraded shares of Groupon from a “buy” rating to a “hold” rating in a research report on Friday, December 15th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.06.
In other news, CAO Brian Stevens sold 20,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total transaction of $114,200.00. Following the completion of the sale, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $5.77, for a total transaction of $8,655,000.00. The disclosure for this sale can be found here. 23.40% of the stock is owned by insiders.
TRADEMARK VIOLATION NOTICE: “Engineers Gate Manager LP Invests $1.52 Million in Groupon Inc (NASDAQ:GRPN) Stock” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international copyright and trademark laws. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/16/297585-shares-in-groupon-inc-grpn-acquired-by-engineers-gate-manager-lp.html.
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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