Quinn Opportunity Partners LLC Raises Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Quinn Opportunity Partners LLC lifted its holdings in Groupon, Inc. (NASDAQ:GRPNGet Rating) by 557.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,865 shares of the coupon company’s stock after buying an additional 55,000 shares during the quarter. Quinn Opportunity Partners LLC owned approximately 0.22% of Groupon worth $1,502,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP bought a new position in Groupon in the 3rd quarter worth about $25,000. Advisor Group Holdings Inc. boosted its holdings in shares of Groupon by 113.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,444 shares of the coupon company’s stock valued at $55,000 after acquiring an additional 1,300 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Groupon by 12.7% during the third quarter. Royal Bank of Canada now owns 3,370 shares of the coupon company’s stock valued at $77,000 after purchasing an additional 381 shares during the last quarter. Schroder Investment Management Group bought a new position in Groupon during the third quarter valued at approximately $91,000. Finally, Lazard Asset Management LLC purchased a new stake in Groupon during the 4th quarter valued at $144,000. 87.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Wedbush cut their price target on Groupon from $22.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, May 10th. Ascendiant Capital Markets cut their price target on Groupon from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, March 24th. StockNews.com initiated coverage on Groupon in a research note on Thursday, March 31st. They set a “hold” rating for the company. Barclays lowered their price objective on Groupon from $20.00 to $12.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 10th. Finally, Credit Suisse Group lowered their price objective on Groupon from $29.00 to $23.00 in a research report on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Groupon currently has a consensus rating of “Hold” and an average target price of $21.60.

In other Groupon news, insider Jan Barta purchased 82,126 shares of the stock in a transaction on Thursday, March 31st. The shares were bought at an average price of $19.25 per share, for a total transaction of $1,580,925.50. Following the completion of the transaction, the insider now owns 1,187,500 shares of the company’s stock, valued at approximately $22,859,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have acquired 1,925,044 shares of company stock worth $33,421,981 in the last quarter. 15.90% of the stock is currently owned by company insiders.

NASDAQ:GRPN opened at $15.58 on Friday. The stock’s 50 day simple moving average is $17.75 and its two-hundred day simple moving average is $21.14. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.88 and a quick ratio of 0.88. Groupon, Inc. has a 1 year low of $11.16 and a 1 year high of $48.93. The company has a market cap of $466.78 million, a price-to-earnings ratio of 7.91 and a beta of 2.11.

Groupon (NASDAQ:GRPNGet Rating) last posted its earnings results on Monday, May 9th. The coupon company reported ($1.00) EPS for the quarter, missing the consensus estimate of ($0.86) by ($0.14). The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $165.29 million. Groupon had a negative return on equity of 13.88% and a net margin of 8.09%. The firm’s revenue was down 41.9% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. As a group, analysts anticipate that Groupon, Inc. will post -0.43 EPS for the current year.

About Groupon (Get Rating)

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; and first-party goods inventory. It serves customers through its mobile applications and websites.

See Also

Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.