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

Maverick Capital Ltd. lifted its holdings in Groupon, Inc. (NASDAQ:GRPN) by 28.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,051 shares of the coupon company’s stock after buying an additional 16,734 shares during the period. Maverick Capital Ltd. owned approximately 0.19% of Groupon worth $734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. MetLife Investment Management LLC boosted its stake in shares of Groupon by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock worth $130,000 after buying an additional 7,516 shares during the last quarter. FMR LLC lifted its stake in Groupon by 112.5% in the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after purchasing an additional 2,888 shares during the last quarter. Quantbot Technologies LP purchased a new position in Groupon in the third quarter valued at approximately $814,000. Marathon Trading Investment Management LLC purchased a new position in Groupon in the third quarter valued at approximately $195,000. Finally, GSA Capital Partners LLP lifted its stake in Groupon by 84.8% in the third quarter. GSA Capital Partners LLP now owns 75,110 shares of the coupon company’s stock valued at $735,000 after purchasing an additional 34,456 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Groupon Trading Up 0.2 %

NASDAQ:GRPN opened at $9.38 on Monday. The company has a market cap of $373.04 million, a P/E ratio of 18.39 and a beta of 1.77. The stock’s fifty day moving average price is $10.01 and its two-hundred day moving average price is $12.85. Groupon, Inc. has a 1 year low of $7.75 and a 1 year high of $19.56. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93.

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