Great West Life Assurance Co. Can continued to hold its stake in shares of Groupon, Inc. (NASDAQ:GRPN) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,526 shares of the coupon company’s stock at the close of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Groupon were worth $163,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. HRT Financial LLC increased its stake in Groupon by 50.8% in the first quarter. HRT Financial LLC now owns 51,080 shares of the coupon company’s stock valued at $200,000 after purchasing an additional 17,204 shares in the last quarter. Swiss National Bank increased its stake in Groupon by 2.1% in the first quarter. Swiss National Bank now owns 708,866 shares of the coupon company’s stock valued at $2,786,000 after purchasing an additional 14,800 shares in the last quarter. TLP Group LLC bought a new stake in Groupon in the first quarter valued at approximately $384,000. Wells Fargo & Company MN increased its stake in Groupon by 177.5% in the first quarter. Wells Fargo & Company MN now owns 510,797 shares of the coupon company’s stock valued at $2,008,000 after purchasing an additional 326,756 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Groupon by 6.8% in the first quarter. Geode Capital Management LLC now owns 3,145,124 shares of the coupon company’s stock valued at $12,360,000 after purchasing an additional 200,246 shares in the last quarter. 56.10% of the stock is owned by hedge funds and other institutional investors.
In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $4.39, for a total transaction of $6,585,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction on Monday, August 14th. The stock was sold at an average price of $3.96, for a total transaction of $99,000.00. Following the transaction, the insider now directly owns 343,353 shares in the company, valued at $1,359,677.88. The disclosure for this sale can be found here. Insiders have sold a total of 2,847,719 shares of company stock worth $12,252,767 over the last ninety days. Insiders own 23.40% of the company’s stock.
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Shares of Groupon, Inc. (GRPN) opened at 4.41 on Friday. The firm has a 50-day moving average of $4.15 and a 200-day moving average of $3.78. The firm’s market cap is $2.45 billion. Groupon, Inc. has a 52 week low of $2.90 and a 52 week high of $5.53.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. The business had revenue of $662.60 million during the quarter, compared to analyst estimates of $668.84 million. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. Groupon’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.01) EPS. On average, analysts expect that Groupon, Inc. will post $0.12 EPS for the current year.
Several brokerages have commented on GRPN. UBS AG lowered their target price on shares of Groupon from $3.65 to $2.85 and set a “sell” rating for the company in a research note on Wednesday, May 31st. B. Riley raised shares of Groupon to a “buy” rating and set a $5.50 target price for the company in a research note on Tuesday, July 4th. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Barclays PLC reaffirmed an “underweight” rating and issued a $3.85 target price (up previously from $3.40) on shares of Groupon in a research note on Wednesday, August 9th. Finally, Cowen and Company reaffirmed a “sell” rating and issued a $3.50 target price on shares of Groupon in a research note on Thursday, August 3rd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Groupon currently has an average rating of “Hold” and an average target price of $4.57.
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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