Maverick Capital Ltd. Boosts Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Maverick Capital Ltd. lifted its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 28.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,051 shares of the coupon company’s stock after purchasing an additional 16,734 shares during the period. Maverick Capital Ltd.’s holdings in Groupon were worth $734,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP purchased a new stake in shares of Groupon during the second quarter worth about $1,463,000. Assenagon Asset Management S.A. boosted its holdings in shares of Groupon by 259.3% during the second quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock worth $2,930,000 after purchasing an additional 138,218 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Groupon by 591.4% during the second quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company’s stock worth $1,893,000 after purchasing an additional 105,832 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Groupon by 86.1% during the second quarter. Jupiter Asset Management Ltd. now owns 60,961 shares of the coupon company’s stock worth $933,000 after purchasing an additional 28,208 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Groupon during the second quarter worth about $1,057,000. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GRPN. Roth Mkm restated a “buy” rating and issued a $26.00 price objective on shares of Groupon in a report on Wednesday, October 16th. Northland Securities lowered their price objective on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group lowered their price objective on shares of Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Groupon Price Performance

Shares of NASDAQ GRPN opened at $9.38 on Monday. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $19.56. The company has a 50 day simple moving average of $10.01 and a two-hundred day simple moving average of $12.85. The company has a market capitalization of $373.04 million, a price-to-earnings ratio of 18.39 and a beta of 1.77. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93.

Groupon (NASDAQ:GRPN) last announced its earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.58. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The business had revenue of $114.48 million during the quarter, compared to the consensus estimate of $119.02 million. During the same quarter last year, the firm earned ($0.22) earnings per share. Analysts expect that Groupon, Inc. will post -0.29 EPS for the current fiscal year.

About Groupon

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.