Groupon Inc (GRPN) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in Groupon Inc (NASDAQ:GRPN) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,211,296 shares of the coupon company’s stock after purchasing an additional 54,496 shares during the period. California Public Employees Retirement System owned 0.22% of Groupon worth $6,299,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of GRPN. Aperio Group LLC raised its position in Groupon by 4.6% in the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Groupon by 33.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,978,469 shares of the coupon company’s stock worth $7,598,000 after purchasing an additional 498,238 shares during the last quarter. SG Americas Securities LLC raised its position in Groupon by 24.9% in the 2nd quarter. SG Americas Securities LLC now owns 39,212 shares of the coupon company’s stock worth $151,000 after purchasing an additional 7,813 shares during the last quarter. Bank of New York Mellon Corp raised its position in Groupon by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,449,707 shares of the coupon company’s stock worth $5,567,000 after purchasing an additional 25,642 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Groupon by 234.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 51,877 shares of the coupon company’s stock valued at $199,000 after acquiring an additional 36,388 shares during the last quarter. Hedge funds and other institutional investors own 60.01% of the company’s stock.

In other Groupon news, CAO Brian Stevens sold 20,000 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the transaction, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total transaction of $132,250.00. Following the completion of the transaction, the insider now directly owns 350,919 shares in the company, valued at $1,856,361.51. The disclosure for this sale can be found here. Insiders sold a total of 1,545,000 shares of company stock valued at $8,901,450 over the last quarter. 23.40% of the stock is currently owned by company insiders.

GRPN has been the subject of several recent research reports. Vetr upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 target price for the company in a research report on Tuesday, December 12th. Cowen upgraded shares of Groupon from an “underperform” rating to a “market perform” rating and upped their target price for the company from $2.90 to $5.38 in a research report on Monday, October 16th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 target price (up previously from $5.50) on shares of Groupon in a research report on Wednesday, November 1st. B. Riley restated a “buy” rating and issued a $6.30 price objective on shares of Groupon in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective for the company in a research report on Monday, November 6th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Groupon presently has a consensus rating of “Hold” and a consensus price target of $5.02.

Shares of Groupon Inc (NASDAQ GRPN) opened at $5.12 on Friday. Groupon Inc has a one year low of $2.90 and a one year high of $5.99. The stock has a market cap of $2,860.00, a PE ratio of -34.13, a P/E/G ratio of 27.58 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99.

Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The business had revenue of $634.46 million during the quarter, compared to the consensus estimate of $642.62 million. During the same period last year, the business posted ($0.01) EPS. Groupon’s revenue was down 7.6% on a year-over-year basis. equities analysts predict that Groupon Inc will post -0.02 earnings per share for the current fiscal year.

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About Groupon

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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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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