Groupon, Inc. (NASDAQ:GRPN) Shares Sold by Barclays PLC

Barclays PLC cut its holdings in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 48.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,210 shares of the coupon company's stock after selling 51,307 shares during the quarter. Barclays PLC owned 0.14% of Groupon worth $540,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GRPN. State Street Corp boosted its holdings 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 purchasing an additional 114,400 shares during the last quarter. Prentice Capital Management LP grew its holdings in 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 buying an additional 30,106 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Groupon by 591.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company's stock worth $1,893,000 after acquiring an additional 105,832 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Groupon during the 2nd quarter worth $1,463,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Groupon in the third quarter valued at about $814,000. Hedge funds and other institutional investors own 90.05% of the company's stock.

Analyst Ratings Changes

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

Groupon Stock Performance

Shares of NASDAQ:GRPN traded up $0.06 during midday trading on Friday, hitting $12.06. The stock had a trading volume of 554,642 shares, compared to its average volume of 634,171. Groupon, Inc. has a 1 year low of $7.75 and a 1 year high of $19.56. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The stock has a 50 day moving average price of $10.66 and a two-hundred day moving average price of $12.17. The company has a market capitalization of $479.60 million, a PE ratio of 23.65 and a beta of 1.66.

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

Groupon Company 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.