Groupon Inc (GRPN) : Tcs Capital Management added new position in Groupon Inc during the most recent quarter end. The investment management firm now holds 1,060,000 shares of Groupon Inc which is valued at $6,073,800 , the company said in a statement filed on Aug 15, 2016 with the SEC.Groupon Inc makes up approximately 3.25% of Tcs Capital Management’s portfolio.
Other Hedge Funds, Including , Aqr Capital Management reduced its stake in GRPN by selling 3,558,771 shares or 37.27% in the most recent quarter. The Hedge Fund company now holds 5,990,781 shares of GRPN which is valued at $34,327,175. Groupon Inc makes up approx 0.06% of Aqr Capital Management’s portfolio.Parametric Portfolio Associates boosted its stake in GRPN in the latest quarter, The investment management firm added 145,017 additional shares and now holds a total of 1,677,175 shares of Groupon Inc which is valued at $9,610,213. Groupon Inc makes up approx 0.01% of Parametric Portfolio Associates’s portfolio. Pacad Investment Ltd. sold out all of its stake in GRPN during the most recent quarter. The investment firm sold 178,366 shares of GRPN which is valued $1,022,037.Ubs Asset Management Americas Inc boosted its stake in GRPN in the latest quarter, The investment management firm added 12,600 additional shares and now holds a total of 354,920 shares of Groupon Inc which is valued at $2,090,479.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.
Groupon Inc opened for trading at $5.36 and hit $5.49 on the upside on Thursday, eventually ending the session at $5.39, with a gain of 1.13% or 0.06 points. The heightened volatility saw the trading volume jump to 56,22,012 shares. Company has a market cap of $3,097 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.