Ziff Brothers Investments L.l.c. buys $20,335,000 stake in Groupon Inc (GRPN)

Groupon Inc (GRPN) : Ziff Brothers Investments L.l.c. scooped up 3,550,000 additional shares in Groupon Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 4,900,000 shares of Groupon Inc which is valued at $20,335,000.Groupon Inc makes up approximately 4.64% of Ziff Brothers Investments L.l.c.’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in GRPN in the latest quarter, The investment management firm added 198,302 additional shares and now holds a total of 1,301,547 shares of Groupon Inc which is valued at $5,206,188. Groupon Inc makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.Princeton Alpha Management Lp reduced its stake in GRPN by selling 35,733 shares or 56.06% in the most recent quarter. The Hedge Fund company now holds 28,010 shares of GRPN which is valued at $113,441. Groupon Inc makes up approx 0.02% of Princeton Alpha Management Lp’s portfolio.Leisure Capital Management reduced its stake in GRPN by selling 443 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 85,206 shares of GRPN which is valued at $327,191. Groupon Inc makes up approx 0.32% of Leisure Capital Management’s portfolio.

Groupon Inc closed down -0.02 points or -0.51% at $3.94 with 1,23,23,475 shares getting traded on Monday. Post opening the session at $3.98, the shares hit an intraday low of $3.87 and an intraday high of $4.005 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Oct 26, 2016. Analyst had a consensus of $-0.02. The company had revenue of $720.50 million for the quarter, compared to analysts expectations of $710.51 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Many Wall Street Analysts have commented on Groupon Inc. Company shares were Upgraded by Wedbush on Oct 17, 2016 to ” Outperform”, Firm has raised the Price Target to $ 6.50 from a previous price target of $4.50 .Loop Capital Initiated Groupon Inc on Sep 14, 2016 to “Hold”, Price Target of the shares are set at $6.

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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