Groupon Inc (GRPN) : Ziff Brothers Investments L.l.c. scooped up 3,550,000 additional shares in Groupon Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,900,000 shares of Groupon Inc which is valued at $28,077,000.Groupon Inc makes up approximately 5.91% of Ziff Brothers Investments L.l.c.’s portfolio.
Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in GRPN by selling 301,167 shares or 61.05% in the most recent quarter. The Hedge Fund company now holds 192,113 shares of GRPN which is valued at $1,100,807. Groupon Inc makes up approx 0.01% of Susquehanna International Group Llp’s portfolio. Pacer Advisors added GRPN to its portfolio by purchasing 2,856 company shares during the most recent quarter which is valued at $16,365. Nine Chapters Capital Management sold out all of its stake in GRPN during the most recent quarter. The investment firm sold 34,600 shares of GRPN which is valued $202,756. Bourgeon Capital Management added GRPN to its portfolio by purchasing 30,000 company shares during the most recent quarter which is valued at $159,900. Groupon Inc makes up approx 0.10% of Bourgeon Capital Management’s portfolio.Simplex Trading reduced its stake in GRPN by selling 22,379 shares or 83.07% in the most recent quarter. The Hedge Fund company now holds 4,561 shares of GRPN which is valued at $17,423.
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.