Centiva Capital LP Acquires New Holdings in Groupon, Inc. (NASDAQ:GRPN)

Centiva Capital LP bought a new stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 45,158 shares of the coupon company's stock, valued at approximately $442,000. Centiva Capital LP owned approximately 0.11% of Groupon as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Maverick Capital Ltd. boosted its position in shares of Groupon by 28.7% during the 3rd quarter. Maverick Capital Ltd. now owns 75,051 shares of the coupon company's stock valued at $734,000 after acquiring an additional 16,734 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Groupon by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company's stock valued at $130,000 after purchasing an additional 7,516 shares during the last quarter. FMR LLC lifted its holdings in Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company's stock valued at $53,000 after purchasing an additional 2,888 shares during the last quarter. Quantbot Technologies LP bought a new position in Groupon during the 3rd quarter valued at about $814,000. Finally, Marathon Trading Investment Management LLC bought a new position in Groupon during the 3rd quarter valued at about $195,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Groupon Price Performance

Shares of NASDAQ GRPN traded down $0.64 during trading on Monday, reaching $12.31. The company had a trading volume of 1,866,514 shares, compared to its average volume of 1,310,277. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $19.56. The stock has a market cap of $489.57 million, a PE ratio of 24.14 and a beta of 1.72. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The business's 50 day moving average price is $10.13 and its 200-day moving average price is $12.59.

Groupon (NASDAQ:GRPN - Get Free Report) last announced its earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of ($0.25) by $0.58. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The company had revenue of $114.48 million during the quarter, compared to the consensus estimate of $119.02 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. Analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GRPN. The Goldman Sachs Group cut their price target on shares of Groupon from $11.00 to $8.00 and set a "sell" rating for the company in a report on Thursday, November 14th. Roth Mkm reissued a "buy" rating and set a $26.00 price target on shares of Groupon in a report on Wednesday, October 16th. Finally, Northland Securities cut their price target on shares of Groupon from $20.00 to $17.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Groupon currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Groupon Profile

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.