Cubist Systematic Strategies LLC Boosts Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Cubist Systematic Strategies LLC increased its holdings in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 591.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,727 shares of the coupon company's stock after buying an additional 105,832 shares during the quarter. Cubist Systematic Strategies LLC owned 0.31% of Groupon worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP purchased a new position in Groupon during the 2nd quarter worth $1,463,000. Jupiter Asset Management Ltd. grew its stake in Groupon by 86.1% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 60,961 shares of the coupon company's stock worth $933,000 after buying an additional 28,208 shares during the last quarter. Headlands Technologies LLC grew its stake in Groupon by 1,848.8% during the 2nd quarter. Headlands Technologies LLC now owns 22,879 shares of the coupon company's stock valued at $350,000 after purchasing an additional 21,705 shares during the last quarter. Weil Company Inc. grew its stake in Groupon by 8.5% during the 2nd quarter. Weil Company Inc. now owns 38,291 shares of the coupon company's stock valued at $586,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Groupon by 3,380.4% during the 2nd quarter. Rhumbline Advisers now owns 31,428 shares of the coupon company's stock valued at $481,000 after purchasing an additional 30,525 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Groupon news, Director Jason Harinstein purchased 15,000 shares of Groupon stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Groupon news, Director Robert J. Bass sold 4,583 shares of the business's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jason Harinstein acquired 15,000 shares of the business's stock in a transaction on 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 purchase, the director now owns 55,658 shares in the company, valued at approximately $590,531.38. The disclosure for this purchase can be found here. 35.70% of the stock is currently owned by insiders.

Groupon Stock Performance

Shares of GRPN stock traded down $0.31 on Tuesday, hitting $9.47. The company had a trading volume of 1,391,921 shares, compared to its average volume of 1,247,164. The firm has a market cap of $374.45 million, a P/E ratio of -7.31 and a beta of 1.80. The company has a 50-day moving average price of $12.67 and a 200-day moving average price of $13.46. 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 twelve month low of $8.08 and a twelve month high of $19.56.

Groupon (NASDAQ:GRPN - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The coupon company reported ($0.15) earnings per share for the quarter, topping 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 company posted ($0.30) EPS. As a group, equities research analysts predict that Groupon, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on GRPN shares. Northland Capmk upgraded Groupon to a "strong-buy" rating in a research note on Wednesday, July 10th. Northland Securities decreased their price objective on Groupon from $22.00 to $20.00 and set an "outperform" rating for the company in a report on Wednesday, July 31st. Finally, Roth Mkm decreased their price objective on Groupon from $28.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus 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.