Groupon Inc (GRPN) : Orbitronix Lp has sold out all of its stake in Groupon Inc during the most recent quarter, according to the disclosure filed by the company on Aug 11, 2016 with the SEC. The investment management company has sold out 60,000 shares of Groupon Inc which is valued at $343,800.
Other Hedge Funds, Including , Teachers Advisors Inc reduced its stake in GRPN by selling 1,537,667 shares or 27.33% in the most recent quarter. The Hedge Fund company now holds 4,088,457 shares of GRPN which is valued at $23,426,859. Groupon Inc makes up approx 0.04% of Teachers Advisors Inc’s portfolio.Alambic Investment Management boosted its stake in GRPN in the latest quarter, The investment management firm added 114,700 additional shares and now holds a total of 230,800 shares of Groupon Inc which is valued at $1,359,412. Groupon Inc makes up approx 0.30% of Alambic Investment Management’s portfolio.Oxford Asset Management boosted its stake in GRPN in the latest quarter, The investment management firm added 209,535 additional shares and now holds a total of 614,540 shares of Groupon Inc which is valued at $3,619,641. Groupon Inc makes up approx 0.14% of Oxford Asset Management’s portfolio.Princeton Alpha Management Lp boosted its stake in GRPN in the latest quarter, The investment management firm added 6,613 additional shares and now holds a total of 63,743 shares of Groupon Inc which is valued at $362,698. Groupon Inc makes up approx 0.06% of Princeton Alpha Management Lp’s portfolio. Advisory Services Network added GRPN to its portfolio by purchasing 12,247 company shares during the most recent quarter which is valued at $46,294. Groupon Inc makes up approx 0.01% of Advisory Services Network’s portfolio.
Groupon Inc opened for trading at $5.53 and hit $5.65 on the upside on Tuesday, eventually ending the session at $5.56, with a gain of 0.54% or 0.03 points. The heightened volatility saw the trading volume jump to 54,46,985 shares. Company has a market cap of $3,195 M.
On the company’s financial health, Groupon Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.02. The company had revenue of $756.03 million for the quarter, compared to analysts expectations of $710.94 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Groupon Inc. Company shares were Reiterated by Wedbush on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 4.50 from a previous price target of $4 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Underperform”, Firm has raised the Price Target to $ 4 from a previous price target of $3 .Company shares were Upgraded by Piper Jaffray on Jul 18, 2016 to ” Overweight”, Firm has raised the Price Target to $ 6 from a previous price target of $4 .
Groupon Inc. operates online local commerce marketplaces world over 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 the Middle East and Africa and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local) Groupon Goods (Goods) and Groupon Getaways (Travel). The Company’s Local category includes deals with local merchants national merchants and local events. The Company’s Goods transactions in North America are primarily direct revenue deals. Through its Getaways category the Company features travel offers at both discounted and market rates including hotels airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites mobile applications and search engines.