Groupon, Inc. (NASDAQ:GRPN) Stock Position Decreased by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP cut its stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 44.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 742,299 shares of the coupon company's stock after selling 599,268 shares during the quarter. Groupon comprises approximately 1.1% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 17th biggest position. Wolf Hill Capital Management LP owned about 1.88% of Groupon worth $11,357,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Pale Fire Capital SE boosted its stake in Groupon by 4.8% during the fourth quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company's stock worth $90,399,000 after buying an additional 323,344 shares during the period. Jupiter Asset Management Ltd. acquired a new position in Groupon during the 1st quarter worth about $437,000. Assenagon Asset Management S.A. grew its position in Groupon by 259.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company's stock valued at $2,930,000 after acquiring an additional 138,218 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Groupon by 41.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,163 shares of the coupon company's stock worth $789,000 after purchasing an additional 17,440 shares during the period. Finally, Swiss National Bank acquired a new stake in shares of Groupon during the fourth quarter worth about $475,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Insiders Place Their Bets

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

Groupon Stock Down 7.7 %

Shares of NASDAQ:GRPN traded down $0.90 during trading on Friday, hitting $10.85. 1,644,856 shares of the company were exchanged, compared to its average volume of 1,236,306. The company has a debt-to-equity ratio of 5.62, a current ratio of 0.94 and a quick ratio of 0.94. The firm's 50 day moving average price is $13.50 and its 200-day moving average price is $13.87. The stock has a market capitalization of $429.02 million, a P/E ratio of -8.41 and a beta of 1.80. Groupon, Inc. has a 12-month low of $8.08 and a 12-month high of $19.56.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its earnings results on Tuesday, July 30th. The coupon company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.25) by $0.10. The business had revenue of $124.62 million during the quarter, compared to analyst estimates of $121.70 million. During the same period in the previous year, the firm earned ($0.30) earnings per share. On average, research analysts predict that Groupon, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GRPN. Northland Capmk upgraded shares of Groupon to a "strong-buy" rating in a report on Wednesday, July 10th. Roth Mkm lowered their price target on shares of Groupon from $28.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Finally, Northland Securities reduced their price objective on shares of Groupon from $22.00 to $20.00 and set an "outperform" rating on the stock in a 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 issued a strong buy rating to the stock. According to data from MarketBeat, Groupon currently has a consensus rating of "Moderate Buy" and an average target price of $17.83.

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.