Deutsche Bank AG lowered its holdings in Groupon Inc (NASDAQ:GRPN) by 20.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,477,813 shares of the coupon company’s stock after selling 646,177 shares during the quarter. Deutsche Bank AG owned 0.43% of Groupon worth $7,927,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of GRPN. Nadler Financial Group Inc. bought a new stake in Groupon during the fourth quarter worth about $49,000. Gamco Investors INC. ET AL grew its stake in Groupon by 50.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 315,423 shares of the coupon company’s stock worth $1,009,000 after buying an additional 105,158 shares during the last quarter. Marathon Trading Investment Management LLC bought a new stake in Groupon during the fourth quarter worth about $47,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Groupon by 30.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 663,068 shares of the coupon company’s stock worth $2,122,000 after buying an additional 153,174 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Groupon by 8.0% during the third quarter. Vanguard Group Inc. now owns 39,015,392 shares of the coupon company’s stock worth $147,088,000 after buying an additional 2,895,875 shares during the last quarter. 69.48% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Eric P. Lefkofsky sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $3.33, for a total transaction of $9,990,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 16.90% of the stock is owned by corporate insiders.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Tuesday, February 12th. The coupon company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Groupon had a negative net margin of 0.42% and a positive return on equity of 17.33%. The company had revenue of $799.93 million for the quarter, compared to the consensus estimate of $782.54 million. During the same period last year, the company earned $0.07 earnings per share. Groupon’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Groupon Inc will post 0.07 EPS for the current fiscal year.
Several analysts have weighed in on GRPN shares. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Saturday, March 30th. Zacks Investment Research raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Goldman Sachs Group began coverage on shares of Groupon in a research note on Monday, February 4th. They set a “neutral” rating and a $3.50 price objective on the stock. Finally, ValuEngine raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $4.56.
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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, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.
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