60,228 Shares in Groupon, Inc. (NASDAQ:GRPN) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 60,228 shares of the coupon company's stock, valued at approximately $732,000. Blueshift Asset Management LLC owned about 0.15% of Groupon at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Picton Mahoney Asset Management grew its position in shares of Groupon by 68.2% during the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after buying an additional 992 shares during the last quarter. Amundi boosted its stake in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after acquiring an additional 1,006 shares during the period. Rhumbline Advisers grew its holdings in shares of Groupon by 3.2% during the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock valued at $410,000 after purchasing an additional 1,030 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock worth $2,435,000 after purchasing an additional 1,449 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Groupon by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company's stock worth $5,542,000 after purchasing an additional 1,498 shares during the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of research analysts recently commented on GRPN shares. The Goldman Sachs Group upped their price objective on Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Friday, March 14th. Ascendiant Capital Markets upped their price target on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.75.

Groupon Stock Performance

GRPN traded up $0.90 during trading hours on Monday, hitting $17.99. The company's stock had a trading volume of 2,286,804 shares, compared to its average volume of 1,345,169. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $18.47. The company has a 50-day simple moving average of $12.11 and a 200 day simple moving average of $11.22. 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 firm has a market capitalization of $716.20 million, a PE ratio of 35.28 and a beta of 1.41.

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.