Corient Private Wealth LLC Takes Position in Groupon, Inc. (NASDAQ:GRPN)

Corient Private Wealth LLC acquired a new position in Groupon, Inc. (NASDAQ:GRPN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 42,005 shares of the coupon company's stock, valued at approximately $510,000. Corient Private Wealth LLC owned 0.11% of Groupon at the end of the most recent quarter.

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

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Analyst Ratings Changes

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

Groupon Price Performance

GRPN stock traded up $0.06 during mid-day trading on Wednesday, hitting $18.59. 1,042,567 shares of the stock were exchanged, compared to its average volume of 1,351,134. The business has a fifty day moving average price of $13.20 and a 200 day moving average price of $11.59. Groupon, Inc. has a 12 month low of $7.75 and a 12 month high of $19.17. 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 stock has a market capitalization of $740.09 million, a price-to-earnings ratio of 36.45 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.