Alpinvest Partners B.v. adds Groupon Inc (GRPN) to its portfolio

Groupon Inc (GRPN) : Alpinvest Partners B.v. added new position in Groupon Inc during the most recent quarter end. The investment management firm now holds 103,678 shares of Groupon Inc which is valued at $594,075 , the company said in a statement filed on Aug 10, 2016 with the SEC.Groupon Inc makes up approximately 0.99% of Alpinvest Partners B.v.’s portfolio.

Other Hedge Funds, Including , Blackrock Japan Ltd added GRPN to its portfolio by purchasing 50,363 company shares during the most recent quarter which is valued at $288,580. Brown Advisory Inc added GRPN to its portfolio by purchasing 68,986 company shares during the most recent quarter which is valued at $404,258.Oxford Asset Management boosted its stake in GRPN in the latest quarter, The investment management firm added 209,535 additional shares and now holds a total of 614,540 shares of Groupon Inc which is valued at $3,619,641. Groupon Inc makes up approx 0.14% of Oxford Asset Management’s portfolio. Aberdeen Asset Management Plcuk added GRPN to its portfolio by purchasing 27,443 company shares during the most recent quarter which is valued at $146,271.Acadian Asset Management boosted its stake in GRPN in the latest quarter, The investment management firm added 177,009 additional shares and now holds a total of 1,200,366 shares of Groupon Inc which is valued at $4,585,398. Groupon Inc makes up approx 0.02% of Acadian Asset Management’s portfolio.

Groupon Inc closed down -0.06 points or -1.07% at $5.54 with 54,62,679 shares getting traded on Friday. Post opening the session at $5.57, the shares hit an intraday low of $5.47 and an intraday high of $5.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Groupon Inc reported $-0.01 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.02. The company had revenue of $756.03 million for the quarter, compared to analysts expectations of $710.94 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

Many Wall Street Analysts have commented on Groupon Inc. Company shares were Reiterated by Wedbush on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 4.50 from a previous price target of $4 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Underperform”, Firm has raised the Price Target to $ 4 from a previous price target of $3 .Company shares were Upgraded by Piper Jaffray on Jul 18, 2016 to ” Overweight”, Firm has raised the Price Target to $ 6 from a previous price target of $4 .

Groupon Inc. operates online local commerce marketplaces world over that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America which represents the United States and Canada; EMEA which consists of Europe the Middle East and Africa and international operations (Rest of World). The Company offers deals on goods and services in three categories: Local Deals (Local) Groupon Goods (Goods) and Groupon Getaways (Travel). The Company’s Local category includes deals with local merchants national merchants and local events. The Company’s Goods transactions in North America are primarily direct revenue deals. Through its Getaways category the Company features travel offers at both discounted and market rates including hotels airfare and package deals covering both domestic and international travel. Its deal offerings are accessed directly through its Websites mobile applications and search engines.

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