Groupon Inc (GRPN) Director Eric P. Lefkofsky Sells 1,500,000 Shares

Groupon Inc (NASDAQ:GRPN) Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $3.04, for a total transaction of $4,560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Eric P. Lefkofsky also recently made the following trade(s):

  • On Thursday, September 13th, Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock. The stock was sold at an average price of $3.82, for a total transaction of $5,730,000.00.

GRPN traded up $0.02 on Friday, reaching $3.10. The company had a trading volume of 8,809,978 shares, compared to its average volume of 8,821,680. The firm has a market capitalization of $1.80 billion, a PE ratio of -103.33, a P/E/G ratio of 11.45 and a beta of 1.75. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. Groupon Inc has a one year low of $2.80 and a one year high of $5.88.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, November 7th. The coupon company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. The firm had revenue of $592.90 million during the quarter, compared to analyst estimates of $602.08 million. Groupon had a negative net margin of 0.35% and a positive return on equity of 11.15%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts expect that Groupon Inc will post 0.09 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Groupon by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 39,015,392 shares of the coupon company’s stock valued at $147,088,000 after purchasing an additional 2,895,875 shares in the last quarter. BlackRock Inc. boosted its position in shares of Groupon by 29.9% during the 2nd quarter. BlackRock Inc. now owns 29,790,452 shares of the coupon company’s stock valued at $128,101,000 after purchasing an additional 6,856,566 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Groupon by 23.8% during the 3rd quarter. First Trust Advisors LP now owns 23,581,289 shares of the coupon company’s stock valued at $88,901,000 after purchasing an additional 4,530,364 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Groupon by 19.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 11,461,128 shares of the coupon company’s stock valued at $43,208,000 after purchasing an additional 1,871,669 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Groupon by 14.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 10,241,250 shares of the coupon company’s stock valued at $38,610,000 after purchasing an additional 1,320,345 shares in the last quarter. Hedge funds and other institutional investors own 66.97% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Groupon from a “strong sell” rating to a “sell” rating in a report on Friday, November 23rd. B. Riley dropped their price objective on shares of Groupon from $6.30 to $5.60 and set a “buy” rating on the stock in a report on Thursday, November 8th. Zacks Investment Research cut shares of Groupon from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. TheStreet cut shares of Groupon from a “c-” rating to a “d+” rating in a report on Wednesday, September 26th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $4.00 price objective on shares of Groupon in a report on Thursday, September 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Groupon has an average rating of “Hold” and an average target price of $5.20.

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Groupon Company Profile

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.

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