Bank of New York Mellon Corp grew its holdings in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 42.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,088 shares of the coupon company's stock after buying an additional 21,859 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.18% of Groupon worth $888,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of GRPN. State Street Corp grew its stake in shares of Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company's stock valued at $6,953,000 after buying an additional 114,400 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Groupon in the third quarter valued at $814,000. Hennessy Advisors Inc. grew its position in shares of Groupon by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock valued at $10,399,000 after acquiring an additional 54,600 shares during the period. Centiva Capital LP acquired a new position in shares of Groupon during the 3rd quarter worth about $442,000. Finally, Prentice Capital Management LP raised its holdings in shares of Groupon by 17.7% in the 3rd quarter. Prentice Capital Management LP now owns 199,751 shares of the coupon company's stock valued at $1,954,000 after purchasing an additional 30,106 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. The Goldman Sachs Group upped their price objective on Groupon from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Friday, March 14th. Ascendiant Capital Markets increased their price target on Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Groupon currently has an average rating of "Moderate Buy" and an average target price of $17.75.
Get Our Latest Analysis on Groupon
Groupon Stock Performance
Groupon stock traded down $0.01 during trading hours on Friday, hitting $18.82. The company had a trading volume of 1,439,326 shares, compared to its average volume of 1,351,126. The firm has a 50-day moving average of $12.72 and a 200 day moving average of $11.43. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market cap of $749.24 million, a PE ratio of 36.90 and a beta of 1.41. Groupon, Inc. has a one year low of $7.75 and a one year high of $18.99.
About Groupon
(
Free Report)
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.
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