Maverick Capital Ltd. Has $892,000 Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Maverick Capital Ltd. grew its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 36.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 58,317 shares of the coupon company’s stock after purchasing an additional 15,510 shares during the quarter. Maverick Capital Ltd.’s holdings in Groupon were worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Weil Company Inc. increased its stake in shares of Groupon by 8.5% during the second quarter. Weil Company Inc. now owns 38,291 shares of the coupon company’s stock worth $586,000 after purchasing an additional 3,000 shares during the period. State Board of Administration of Florida Retirement System bought a new position in Groupon during the 1st quarter worth $151,000. EntryPoint Capital LLC acquired a new stake in shares of Groupon during the first quarter worth $153,000. Susquehanna Portfolio Strategies LLC boosted its position in shares of Groupon by 16.3% in the first quarter. Susquehanna Portfolio Strategies LLC now owns 97,686 shares of the coupon company’s stock valued at $1,303,000 after acquiring an additional 13,663 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Groupon by 41.8% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company’s stock valued at $789,000 after acquiring an additional 17,440 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on GRPN shares. Northland Capmk raised shares of Groupon to a “strong-buy” rating in a report on Wednesday, July 10th. Roth Mkm cut their price target on Groupon from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Northland Securities reduced their price target on Groupon from $22.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Insider Activity

In related news, Director Robert J. Bass sold 4,583 shares of the company’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $11.35, for a total transaction of $52,017.05. Following the completion of the sale, the director now directly owns 104,731 shares in the company, valued at approximately $1,188,696.85. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Jason Harinstein purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average cost of $10.61 per share, with a total value of $159,150.00. Following the acquisition, the director now owns 55,658 shares of the company’s stock, valued at approximately $590,531.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert J. Bass sold 4,583 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $11.35, for a total transaction of $52,017.05. Following the completion of the transaction, the director now directly owns 104,731 shares of the company’s stock, valued at approximately $1,188,696.85. The disclosure for this sale can be found here. Corporate insiders own 35.70% of the company’s stock.

Groupon Trading Down 2.3 %

Shares of Groupon stock opened at $9.96 on Friday. The firm’s 50-day moving average price is $12.82 and its two-hundred day moving average price is $13.55. The company has a market capitalization of $393.83 million, a price-to-earnings ratio of -7.72 and a beta of 1.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 5.62. Groupon, Inc. has a 12-month low of $8.08 and a 12-month high of $19.56.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Tuesday, July 30th. The coupon company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.10. The firm had revenue of $124.62 million during the quarter, compared to the consensus estimate of $121.70 million. During the same period last year, the business earned ($0.30) earnings per share. On average, analysts forecast that Groupon, Inc. will post 0.04 earnings per share for the current fiscal year.

Groupon Company 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.