Dimensional Fund Advisors LP Increases Stock Holdings in Groupon, Inc. $GRPN

Key Points

• Dimensional Fund Advisors increased its Groupon position by 28.3% in the first quarter, holding 580,873 shares worth approximately $6.91 million. Institutional investors collectively own 90.05% of Groupon’s stock.
• Analyst sentiment remains cautious: Groupon has an average “Reduce” rating and a consensus price target of $24, with two “Sell,” one “Hold,” and one “Buy” rating.
• Groupon shares were reported to be down 8.3%, opening at $22.95. In its latest earnings report, the company posted an adjusted loss of $0.04 per share, beating estimates, while revenue of $124.67 million fell short of expectations.

Dimensional Fund Advisors LP increased its position in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 28.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 580,873 shares of the coupon company's stock after acquiring an additional 128,097 shares during the quarter. Dimensional Fund Advisors LP owned about 1.50% of Groupon worth $6,910,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC purchased a new stake in Groupon in the 1st quarter worth approximately $236,000. Inspire Investing LLC boosted its stake in Groupon by 66.8% during the first quarter. Inspire Investing LLC now owns 43,930 shares of the coupon company's stock valued at $523,000 after buying an additional 17,589 shares during the period. OP Asset Management Ltd bought a new stake in Groupon during the first quarter valued at $540,000. SG Americas Securities LLC grew its position in Groupon by 37.0% during the first quarter. SG Americas Securities LLC now owns 270,682 shares of the coupon company's stock worth $3,221,000 after buying an additional 73,136 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in Groupon by 125.2% in the 4th quarter. Hsbc Holdings PLC now owns 41,501 shares of the coupon company's stock worth $731,000 after acquiring an additional 23,072 shares during the last quarter. Institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GRPN. The Goldman Sachs Group reiterated a "sell" rating and set a $22.00 price target on shares of Groupon in a research report on Monday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Groupon in a research note on Tuesday, June 9th. Northland Securities set a $26.00 price target on shares of Groupon in a research note on Wednesday, May 27th. Citigroup reissued an "outperform" rating on shares of Groupon in a report on Tuesday, June 9th. Finally, Wall Street Zen raised shares of Groupon from a "sell" rating to a "hold" rating in a report on Saturday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $24.00.

Groupon Trading Down 8.3%

Shares of Groupon stock opened at $22.95 on Tuesday. The firm has a market capitalization of $933.38 million, a PE ratio of -7.38 and a beta of 0.23. Groupon, Inc. has a 12 month low of $9.17 and a 12 month high of $35.18. The business's 50-day moving average price is $22.99 and its 200-day moving average price is $17.15.

Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Thursday, August 6th. The coupon company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.02. The firm had revenue of $124.67 million during the quarter, compared to the consensus estimate of $127.09 million. As a group, analysts predict that Groupon, Inc. will post -0.17 earnings per share for the current fiscal year.

Groupon Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform's targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.

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