Groupon, Inc. $GRPN Shares Purchased by Invesco Ltd.

Key Points

• Invesco Ltd. boosted its stake in Groupon by 351.8% in the first quarter, owning approximately 0.66% of the company, valued at about $4.9 million.
• Recent analyst reports have varied ratings for Groupon, with Goldman Sachs setting a price target of $15 while Roth Capital raised it to $47, reflecting differing outlooks on the stock's potential.
• For the last quarter, Groupon reported an earnings per share (EPS) of $0.46, surpassing estimates and achieving revenues of $125.7 million, exceeding consensus predictions.

Invesco Ltd. lifted its holdings in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 351.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 261,447 shares of the coupon company's stock after acquiring an additional 203,585 shares during the period. Invesco Ltd. owned approximately 0.66% of Groupon worth $4,907,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in GRPN. Tyro Capital Management LLC bought a new position in Groupon in the 4th quarter valued at approximately $20,964,000. Prentice Capital Management LP grew its position in shares of Groupon by 291.3% during the 4th quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock worth $9,498,000 after buying an additional 581,943 shares during the period. Prospect Capital Advisors LLC acquired a new stake in Groupon in the 4th quarter valued at $2,935,000. Northern Trust Corp grew its position in Groupon by 3.3% in the 4th quarter. Northern Trust Corp now owns 232,550 shares of the coupon company's stock valued at $2,825,000 after purchasing an additional 7,341 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. grew its position in Groupon by 10.5% in the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 198,062 shares of the coupon company's stock valued at $3,718,000 after purchasing an additional 18,772 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Roth Capital lifted their price target on shares of Groupon from $33.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Wall Street Zen upgraded Groupon from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. The Goldman Sachs Group boosted their price objective on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research note on Monday, May 12th. UBS Group started coverage on Groupon in a research note on Thursday, August 7th. They issued a "mixed" rating on the stock. Finally, Northland Securities boosted their price objective on Groupon from $39.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $29.80.

Groupon Stock Down 1.1%

Shares of NASDAQ:GRPN traded down $0.29 on Friday, hitting $26.10. 1,113,892 shares of the company's stock were exchanged, compared to its average volume of 1,587,391. The company has a market capitalization of $1.06 billion, a PE ratio of -108.75 and a beta of 1.15. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.96 and a current ratio of 0.96. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $43.08. The firm's 50-day moving average is $32.06 and its 200 day moving average is $24.55.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.48. The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $122.46 million. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%. Sell-side analysts predict that Groupon, Inc. will post -0.31 EPS for the current year.

Groupon Profile

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. It serves customers through its mobile applications and websites.