Barclays PLC Sells 51,307 Shares of Groupon, Inc. (NASDAQ:GRPN)

Barclays PLC lowered its position in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 48.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,210 shares of the coupon company's stock after selling 51,307 shares during the quarter. Barclays PLC owned approximately 0.14% of Groupon worth $540,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GRPN. Centiva Capital LP acquired a new stake in shares of Groupon during the 3rd quarter worth about $442,000. State Street Corp lifted its stake in shares of Groupon by 19.2% during the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company's stock worth $6,953,000 after buying an additional 114,400 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Groupon during the 2nd quarter worth about $1,463,000. Quantbot Technologies LP acquired a new stake in shares of Groupon during the 3rd quarter worth about $814,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Groupon by 591.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company's stock worth $1,893,000 after buying an additional 105,832 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Price Performance

GRPN stock traded down $0.29 during mid-day trading on Friday, hitting $10.65. The stock had a trading volume of 840,745 shares, compared to its average volume of 897,218. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $19.56. The firm has a market capitalization of $423.55 million, a P/E ratio of 20.88 and a beta of 1.66. The firm has a fifty day simple moving average of $10.91 and a 200 day simple moving average of $11.92.

Groupon (NASDAQ:GRPN - Get Free Report) last released its earnings results on Tuesday, November 12th. The coupon company reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.58. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The firm had revenue of $114.48 million for the quarter, compared to analyst estimates of $119.02 million. During the same period last year, the firm earned ($0.22) EPS. As a group, research analysts forecast that Groupon, Inc. will post -0.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on GRPN shares. The Goldman Sachs Group lowered their price target on shares of Groupon from $11.00 to $8.00 and set a "sell" rating on the stock in a research report on Thursday, November 14th. Roth Mkm reaffirmed a "buy" rating and set a $26.00 price target on shares of Groupon in a research report on Wednesday, October 16th. Finally, Northland Securities lowered their price target on shares of Groupon from $20.00 to $17.00 and set an "outperform" rating on the stock in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.