Groupon, Inc. (NASDAQ:GRPN) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its position in Groupon, Inc. (NASDAQ:GRPN) by 90.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,696 shares of the coupon company’s stock after selling 1,023,640 shares during the quarter. Marshall Wace LLP owned about 0.26% of Groupon worth $1,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Weil Company Inc. grew its stake in shares of Groupon by 8.5% in the 2nd quarter. Weil Company Inc. now owns 38,291 shares of the coupon company’s stock valued at $586,000 after buying an additional 3,000 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in Groupon during the first quarter worth $151,000. EntryPoint Capital LLC purchased a new stake in Groupon in the first quarter valued at $153,000. Susquehanna Portfolio Strategies LLC lifted its stake in shares of Groupon by 16.3% in the 1st quarter. Susquehanna Portfolio Strategies LLC now owns 97,686 shares of the coupon company’s stock valued at $1,303,000 after purchasing an additional 13,663 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Groupon by 41.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company’s stock worth $789,000 after purchasing an additional 17,440 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robert J. Bass sold 4,583 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $11.35, for a total transaction of $52,017.05. Following the completion of the transaction, the director now directly owns 104,731 shares of the company’s stock, valued at $1,188,696.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Groupon news, Director Robert J. Bass sold 4,583 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $11.35, for a total value of $52,017.05. Following the sale, the director now owns 104,731 shares of the company’s stock, valued at $1,188,696.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jason Harinstein acquired 15,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was bought at an average price of $10.61 per share, with a total value of $159,150.00. Following the purchase, the director now directly owns 55,658 shares in the company, valued at approximately $590,531.38. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 35.70% of the company’s stock.

Groupon Stock Performance

Shares of Groupon stock opened at $9.72 on Friday. The stock has a market capitalization of $384.14 million, a price-to-earnings ratio of -7.53 and a beta of 1.78. The company has a debt-to-equity ratio of 5.62, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $12.01 and a 200 day moving average of $13.35. Groupon, Inc. has a 12 month low of $8.08 and a 12 month high of $19.56.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Tuesday, July 30th. The coupon company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The business had revenue of $124.62 million during the quarter, compared to analyst estimates of $121.70 million. During the same quarter last year, the firm posted ($0.30) EPS. As a group, sell-side analysts forecast that Groupon, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Roth Mkm reduced their price objective on shares of Groupon from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Northland Securities reduced their price target on shares of Groupon from $22.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Finally, Northland Capmk raised shares of Groupon to a “strong-buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Groupon has an average rating of “Moderate Buy” and a consensus price target of $17.83.

About Groupon

Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.