Groupon, Inc. $GRPN Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its stake in Groupon, Inc. by 99.1%, selling nearly 2 million shares and leaving it with just 17,751 shares valued at approximately $333,000.
• Hedge funds and institutional investors control 90.05% of Groupon's stock, with notable increases in stakes from firms like JPMorgan Chase & Co. and Wells Fargo & Company during the fourth quarter.
• Groupon reported earnings of $0.46 per share for the previous quarter, exceeding estimates and showing revenue of $125.70 million, but analysts forecast a negative EPS for the current year.

Deutsche Bank AG cut its stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 99.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,751 shares of the coupon company's stock after selling 1,995,866 shares during the period. Deutsche Bank AG's holdings in Groupon were worth $333,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new stake in Groupon in the fourth quarter valued at $422,000. Tyro Capital Management LLC acquired a new stake in Groupon in the fourth quarter valued at $20,964,000. Generali Investments CEE investicni spolecnost a.s. raised its stake in Groupon by 10.5% in the first 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 buying an additional 18,772 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Groupon by 32.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company's stock valued at $1,075,000 after buying an additional 21,918 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Groupon by 48,700.0% in the first quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock valued at $1,100,000 after buying an additional 5,844 shares in the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Groupon Stock Performance

Shares of GRPN traded down $1.36 during midday trading on Wednesday, reaching $24.48. 990,478 shares of the stock were exchanged, compared to its average volume of 1,484,275. The business's 50-day moving average price is $31.42 and its 200 day moving average price is $24.82. The company has a debt-to-equity ratio of 4.16, a current ratio of 0.96 and a quick ratio of 0.96. Groupon, Inc. has a twelve month low of $7.75 and a twelve month high of $43.08. The company has a market capitalization of $989.73 million, a price-to-earnings ratio of -102.00 and a beta of 0.68.

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