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Manufacturers’ Life Insurance Company cut its Groupon (NASDAQ:GRPN – Get Rating) stock position by 9.7% in the third quarter, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund owned 882,265 shares of the coupon company’s stock after selling 94,647 shares during the period. Manufacturers Life Insurance Company owned approximately 2.91% of Groupon worth $7,023,000 at the end of the most recent reporting period.
Several other hedge funds have also increased or decreased their stakes in the company recently. Allspring Global Investments Holdings LLC increased his Groupon shareholding by 723.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 12,482 shares of the coupon company worth $99,000 after purchasing an additional 10,967 of his shares during the period. Janney Montgomery Scott LLC increased his Groupon stake by 15.4% in the third quarter. Janney Montgomery Scott LLC now owns 17,200 shares of the coupon company worth $137,000 after purchasing an additional 2,300 of his shares during this period. Federated Hermes Inc. increased its stake in Groupon by 75.5% in the second quarter. Federated Hermes Inc. now owns 952,415 shares of Coupon Company stock valued at $10,763,000 after purchasing an additional 409,863 shares during the period. Caption Management LLC purchased new shares in his Groupon worth approximately $314,000 in the second quarter. Finally, State Street Corp increased its stake in Groupon by 13.3% in the second quarter. State Street Corp now owns 785,314 shares of Coupon Company stock valued at $8,874,000 after purchasing an additional 92,374 shares during the period. Institutional investors own 57.11% of the company’s shares.
Groupon shares up 3.7%
GRPN shares opened at $9.24 on Friday. On Groupon, Inc., his 52-week low is $6.22 and his 52-week high is $31.15. His 50-day moving average price for this business is $7.94 and his 200-day moving average price is $9.13. The company has an equity ratio of 2.31, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $281.27 million, a price/earnings ratio of -1.79, and a beta of 1.87.
Groupon (NASDAQ:GRPN – Get Rating) announced its final results on Monday, November 7th. The coupon firm reported his earnings per share for the quarter ($0.89), beating analyst consensus expectations ($1.21) by $0.32. Groupon had a return on equity of 48.33% and a net profit margin of 22.68%. The company posted revenue of $144.39 million for the quarter, compared to consensus expectations of $174.6 million. As a group, analysts expect Groupon, Inc. to post -3.29 earnings per share for the current financial year.
insider bet
In another news, director Jan Barta purchased 6,716,966 shares of Groupon stock in a transaction on Tuesday, December 20th. Shares were bought at an average price of $7.28 per share, and the total trading value was $48,899,512.48. Post-acquisition, the directors now own 6,716,966 shares of the Company stock valued at $48,899,512.48. The acquisition is disclosed in documents filed with the SEC and can be accessed via this hyperlink. A company insider owns his 15.90% of the company’s shares.
Analyst Rating Change
Several research analysts have recently commented on the GRPN stock. Credit Suisse Group lowered Groupon’s price target from $18.00 to $15.00 and gave the stock a “neutral” rating in a report on Tuesday, November 8. Goldman Sachs Group lowered Groupon’s price target from $10.00 to $6.50 and gave the stock a sell rating in a report on Tuesday, November 8. StockNews.com covered Groupon in a report on Wednesday, October 12th. They set a “sell” rating on the stock. Finally, Barclays lowered its price target on Groupon from $10.00 to $6.00, giving it an ‘underweight’ rating in its report on Tuesday, November 8th. Three research analysts gave the stock a Sell rating, two assigned a Hold rating, and one gave a Buy rating. According to MarketBeat, Groupon currently has a consensus valuation of “Hold” and a consensus target price of $12.10.
Groupon company profile
(get rating)
Groupon, Inc., along with its subsidiaries, operates a marketplace that connects consumers and merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third party merchants. First party merchandise inventory. We serve our customers through mobile applications and websites.
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