Inspire Investing LLC Reduces Holdings in Groupon, Inc. $GRPN

Key Points

• Inspire Investing LLC reduced its investment in Groupon, Inc. by 45.4%, bringing its total shares to 18,148 with a valuation of $341,000.
• Multiple hedge funds adjusted their positions in Groupon, with the most notable increase being from GAMMA Investing LLC, which grew its stake by 48,700.0%.
• Analysts generally have a positive outlook for Groupon, reflected in ratings upgrades and a current consensus target price of $29.80 despite mixed ratings from various equity research analysts.

Inspire Investing LLC trimmed its position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 45.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,148 shares of the coupon company's stock after selling 15,071 shares during the period. Inspire Investing LLC's holdings in Groupon were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System grew its stake in Groupon by 6.8% in the 4th quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company's stock valued at $290,000 after buying an additional 1,526 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Groupon by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 74,808 shares of the coupon company's stock worth $1,404,000 after acquiring an additional 1,720 shares during the period. AlphaQuest LLC grew its position in shares of Groupon by 383.5% in the first quarter. AlphaQuest LLC now owns 3,718 shares of the coupon company's stock valued at $70,000 after purchasing an additional 2,949 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Groupon by 48,700.0% during the 1st quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock valued at $1,100,000 after purchasing an additional 5,844 shares during the period. Finally, Northern Trust Corp lifted its holdings in Groupon by 3.3% during the 4th quarter. Northern Trust Corp now owns 232,550 shares of the coupon company's stock worth $2,825,000 after purchasing an additional 7,341 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors.

Groupon Stock Up 0.4%

Groupon stock traded up $0.10 during trading hours on Friday, hitting $22.52. The stock had a trading volume of 1,887,780 shares, compared to its average volume of 1,282,868. The stock's 50-day moving average price is $28.45 and its 200-day moving average price is $25.82. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. Groupon, Inc. has a 12-month low of $7.75 and a 12-month high of $43.08. The stock has a market capitalization of $910.39 million, a P/E ratio of -93.83 and a beta of 0.68.

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 the consensus estimate of ($0.02) by $0.48. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. The company had revenue of $125.70 million for the quarter, compared to analysts' expectations of $122.46 million. Equities research analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Northland Securities lifted their target price on Groupon from $39.00 to $44.00 and gave the company an "outperform" rating in a report on Monday, August 11th. UBS Group started coverage on shares of Groupon in a research note on Thursday, August 7th. They set a "mixed" rating for the company. Roth Capital upped their target price on shares of Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, June 20th. Finally, Wall Street Zen downgraded shares of Groupon from a "strong-buy" rating to a "buy" rating in a report on Friday, September 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Groupon presently has a consensus rating of "Moderate Buy" and an average price target of $29.80.

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.