Groupon, Inc. (GRPN) Showing Sign Of Heavy Institutional Buying?
By
Michael Baxter -
November 13, 2018
Share
Groupon, Inc. (NASDAQ:GRPN) enjoyed a 1.38% run-up in share price since hitting record low of $2.89. The stock managed -1.01% fall and now stands at $2.93 as of 11/12/2018. At recent session, the prices were hovering between $2.91 and $2.98. This company shares are 45.05% off its target price of $4.25 and the current market capitalization stands at $1.69B. The recent change has given its price a -18.79% deficit over SMA 50 and -51.09% deficit over its 52-week high. The stock witnessed -15.8% declines, -37.79% declines and -39.84% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GRPN’s volatility during a week at 8.74% and during a month it has been found around 5.94%.
Groupon, Inc. (GRPN) Top Holders
Institutional investors currently hold around $1.09 billion or 61.9% in GRPN stock. Look at its top three institutional owners. Vanguard Group Inc owns $106.91 million in Groupon, Inc., which represents roughly 6.33% of the company’s market cap and approximately 9.84% of the institutional ownership. Similar statistics are true for the second largest owner, Alibaba Group Holding Ltd, which owns 32,972,000 shares of the stock are valued at $97.6 million. The third largest holder is Blackrock Inc., which currently holds $87.7 million worth of this stock and that ownership represents nearly 5.19% of its market capitalization.
Groupon, Inc. 13F Filings
At the end of June reporting period, 141 institutional holders increased their position in Groupon, Inc. (NASDAQ:GRPN) by some 62,210,564 shares, 66 decreased positions by 55,016,023 and 47 held positions by 250,008,826. That puts total institutional holdings at 367,235,413 shares, according to SEC filings. The stock grabbed 51 new institutional investments totaling 18,606,541 shares while 21 institutional investors sold out their entire positions totaling 7,904,994 shares.
Groupon, Inc. (NASDAQ:GRPN) Insider Trades
Multiple company employees have indulged in significant insider trading. Groupon, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director, 10% Owner Lefkofsky Eric P has sold 1,500,000 shares of Groupon, Inc. (GRPN) in trading session dated Sep. 13, 2018. These shares are worth $5,730,000 and were traded at $3.82 each. The SEC filing shows that Lefkofsky Eric P performed a sale of 1,500,000 shares. The Director, 10% Owner disposed these shares by way of transaction on Jun. 07, 2018. The company’s shares were given away at $4.6 per share worth to an income of some $6,900,000 on account of Lefkofsky Eric P.
CAO & Treasurer, Stevens Brian, sold 15,000 common shares of Groupon, Inc. (GRPN) in the open market. In a transaction dated May. 24, 2018, the shares were put up for sale at an average price of $4.62, raking in a sum of $69,300. After this sale, 220,484 common shares of GRPN are directly owned by the insider, with total stake valued at $646,018.
In the transaction dated Mar. 08, 2018, the great number of shares disposed came courtesy the CAO & Treasurer; Stevens Brian disposed a total of 15,000 shares at an average price of $4.61, amounting to approximately $69,150. The insider now directly owns 232,751 shares worth $681,960.
Groupon, Inc. (GRPN) Analyst Guide
Several analysts have released their opinion on Groupon, Inc. (NASDAQ:GRPN), with 1 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 3 buy, 3 sell and 0 strong sell ratings, collectively assigning a 2.88 average brokerage recommendation.
