Sit Investment Associates Cut By $3.38 Million Its Intuit (INTU) Position; Groupon (GRPN) Has 1.02 Sentiment

August 10, 2018 - By Ricky Cave

Groupon, Inc. (NASDAQ:GRPN) Logo

Sit Investment Associates Inc decreased Intuit Inc (INTU) stake by 22.77% reported in 2018Q1 SEC filing. Sit Investment Associates Inc sold 19,550 shares as Intuit Inc (INTU)’s stock rose 14.14%. The Sit Investment Associates Inc holds 66,300 shares with $11.49 million value, down from 85,850 last quarter. Intuit Inc now has $54.19 billion valuation. The stock increased 0.55% or $1.15 during the last trading session, reaching $211.19. About 669,902 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 42.45% since August 10, 2017 and is uptrending. It has outperformed by 29.88% the S&P500. Some Historical INTU News: 22/05/2018 – INTUIT INC QTRLY GAAP SHR $4.59; 06/04/2018 – Intuit Closes Below 50-Day Moving Average: Technicals; 28/04/2018 – Bill Harris, former CEO of Intuit and founding CEO of PayPal: Bitcoin is the greatest scam in history:; 22/05/2018 – Intuit Third Quarter Revenue Growth Tops 15 Percent; Company Raises Full-Year Guidance; 25/04/2018 – Intuit Now Expects Full-Year Fiscal 2018 Consumer Group Revenue Growth of 12% to 13%; 17/05/2018 – GLINT WELCOMES SHERRY WHITELEY TO BOARD OF DIRECTORS; 02/04/2018 – Fidelity Advisor Tech Adds Intuit, Exits Wex, Cuts Facebook; 22/05/2018 – Intuit Raises FY View To Adj EPS $5.51-Adj EPS $5.53; 25/04/2018 – Intuit Reports 6% Increase in TurboTax Online Units: Raises Full-Year Consumer Group Guidance Range; 30/04/2018 – QuickBooks Study Finds Small Businesses Confident on Automation and AI Opportunities

Groupon Inc (GRPN) investors sentiment decreased to 1.02 in 2018 Q1. It’s down -0.87, from 1.89 in 2017Q4. The ratio dived, as 90 active investment managers increased or started new stock positions, while 88 decreased and sold their equity positions in Groupon Inc. The active investment managers in our database now possess: 331.81 million shares, up from 307.15 million shares in 2017Q4. Also, the number of active investment managers holding Groupon Inc in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 33 Reduced: 55 Increased: 60 New Position: 30.

Sit Investment Associates Inc increased Thl Cr Sr Ln Fd Tslf (TSLF) stake by 106,170 shares to 199,128 valued at $3.43M in 2018Q1. It also upped Invesco Quality Municipal Inco (IQI) stake by 30,725 shares and now owns 613,866 shares. General Amern Invs Co Gam (NYSE:GAM) was raised too.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on August, 23 after the close. They expect $-0.04 earnings per share, down 140.00% or $0.14 from last year’s $0.1 per share. After $4.56 actual earnings per share reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -100.88% negative EPS growth.

Since February 26, 2018, it had 0 insider purchases, and 14 sales for $276.05 million activity. $27.17M worth of Intuit Inc. (NASDAQ:INTU) shares were sold by COOK SCOTT D. $1.55 million worth of Intuit Inc. (NASDAQ:INTU) was sold by STANSBURY HENRY TAYLOE on Tuesday, May 29. 225,543 shares were sold by Wernikoff Daniel A, worth $44.32 million. $1.09 million worth of Intuit Inc. (NASDAQ:INTU) was sold by FLOURNOY MARK J.

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.12, from 0.9 in 2017Q4. It worsened, as 31 investors sold INTU shares while 277 reduced holdings. 59 funds opened positions while 180 raised stakes. 219.45 million shares or 1.28% more from 216.67 million shares in 2017Q4 were reported. Price T Rowe Associate Inc Md reported 0.76% in Intuit Inc. (NASDAQ:INTU). Tctc Holdings Limited Liability Corp holds 0.01% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 1,300 shares. Moreover, Cambridge Investment Advisors Incorporated has 0.01% invested in Intuit Inc. (NASDAQ:INTU) for 3,683 shares. Moreover, Earnest Prtnrs Lc has 0.83% invested in Intuit Inc. (NASDAQ:INTU). Davidson Inv Advsr has 0.87% invested in Intuit Inc. (NASDAQ:INTU) for 46,795 shares. Investec Asset Management North America Inc invested in 43,548 shares. Reilly Fincl Advsr Lc holds 0.01% of its portfolio in Intuit Inc. (NASDAQ:INTU) for 296 shares. Rafferty Asset Mngmt Limited Co holds 9,083 shares. 451,521 are owned by Alliancebernstein Lp. First Manhattan Co holds 2,800 shares. Spark Inv Ltd Co holds 16,913 shares or 0.19% of its portfolio. 325,300 are owned by Adage Cap Prns Gru Ltd Liability Co. Schroder Invest Mgmt has 278,006 shares for 0.08% of their portfolio. Raymond James Associates holds 47,182 shares or 0.01% of its portfolio. Mawer Mgmt Limited reported 463,375 shares.

More important recent Intuit Inc. (NASDAQ:INTU) news were published by: Seekingalpha.com which released: “Intuit And The Art Of Customer Monetization” on July 19, 2018, also Seekingalpha.com published article titled: “Intuit sells largest data center, updates guidance”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For August 8, 2018” on August 08, 2018. More interesting news about Intuit Inc. (NASDAQ:INTU) was released by: Investorplace.com and their article: “7 Best Places for Millennials to Work (That Are Also Great Stocks to Buy)” with publication date: August 09, 2018.

Among 15 analysts covering Intuit (NASDAQ:INTU), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Intuit had 25 analyst reports since February 12, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, April 26 by Wells Fargo. The stock of Intuit Inc. (NASDAQ:INTU) earned “Hold” rating by RBC Capital Markets on Thursday, February 22. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, April 26. Stifel Nicolaus upgraded Intuit Inc. (NASDAQ:INTU) on Tuesday, June 19 to “Buy” rating. First Analysis downgraded the shares of INTU in report on Tuesday, May 22 to “Sell” rating. The firm earned “Neutral” rating on Friday, February 23 by UBS. The stock of Intuit Inc. (NASDAQ:INTU) earned “Neutral” rating by JP Morgan on Thursday, April 26. The rating was maintained by Argus Research on Monday, February 26 with “Buy”. The rating was maintained by Bank of America with “Buy” on Wednesday, February 21. The company was maintained on Wednesday, May 23 by Wells Fargo.

Since January 1, 0001, it had 0 insider purchases, and 4 selling transactions for $13.93 million activity.

Groupon, Inc. operates online local commerce marketplaces that connect merchants to clients by offering goods and services at a discount in North America, Europe, the Middle East, Africa, and internationally. The company has market cap of $2.54 billion. The firm provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals. It currently has negative earnings. It offers its deal offerings to clients through Websites; search engines; mobile applications and mobile Web browsers, which enable clients to browse, purchase, manage, and redeem deals on their mobile devices; emails; affiliate channels; display advertising; and television and radio advertising.

Mig Capital Llc holds 7.11% of its portfolio in Groupon, Inc. for 10.74 million shares. Jericho Capital Asset Management L.P. owns 18.94 million shares or 4.5% of their US portfolio. Moreover, P2 Capital Partners Llc has 3.38% invested in the company for 8.00 million shares. The Washington-based Lesa Sroufe & Co has invested 1.99% in the stock. Ulysses Management Llc, a New York-based fund reported 1.95 million shares.

Analysts await Groupon, Inc. (NASDAQ:GRPN) to report earnings on November, 7. They expect $0.01 EPS, up 200.00% or $0.02 from last year’s $-0.01 per share. GRPN’s profit will be $5.68 million for 111.50 P/E if the $0.01 EPS becomes a reality. After $-0.01 actual EPS reported by Groupon, Inc. for the previous quarter, Wall Street now forecasts -200.00% EPS growth.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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