Groupon, Inc. $GRPN Position Cut by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. reduced its holdings in Groupon by 72% in Q1, selling 121,126 shares and now owns 47,123 shares valued at approximately $884,000.
• Analysts have recently upgraded Groupon's stock ratings, with a consensus target price of $29.80, indicating a market sentiment shift towards a "Moderate Buy" recommendation.
• Groupon reported earnings of $0.46 per share for the last quarter, significantly surpassing expectations and showing a revenue of $125.70 million.

Maverick Capital Ltd. reduced its position in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 72.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,123 shares of the coupon company's stock after selling 121,126 shares during the period. Maverick Capital Ltd. owned about 0.12% of Groupon worth $884,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Continental General Insurance Co. purchased a new position in Groupon during the first quarter worth $42,847,000. Tyro Capital Management LLC acquired a new stake in shares of Groupon during the fourth quarter worth $20,964,000. Prentice Capital Management LP boosted its holdings in shares of Groupon by 291.3% during the fourth quarter. Prentice Capital Management LP now owns 781,694 shares of the coupon company's stock worth $9,498,000 after purchasing an additional 581,943 shares during the last quarter. Prospect Capital Advisors LLC acquired a new stake in shares of Groupon during the fourth quarter worth $2,935,000. Finally, Informed Momentum Co LLC acquired a new stake in shares of Groupon during the first quarter worth $4,148,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Groupon Stock Up 3.0%

Shares of Groupon stock traded up $0.71 on Friday, hitting $24.01. 2,022,840 shares of the company's stock traded hands, compared to its average volume of 1,304,370. The stock has a market cap of $970.72 million, a P/E ratio of -100.04 and a beta of 0.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. The firm's 50-day moving average is $31.00 and its 200 day moving average is $24.96. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $43.08.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GRPN shares. UBS Group started coverage on Groupon in a report on Thursday, August 7th. They issued a "mixed" rating on the stock. 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. The Goldman Sachs Group raised their price objective on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Roth Capital boosted their price target on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, Wall Street Zen downgraded shares of Groupon from a "strong-buy" rating to a "buy" rating in a research report on Friday. Four investment 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 an average rating of "Moderate Buy" and a consensus 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.