Marshall Wace LLP Decreases Stake in Groupon, Inc. (NASDAQ:GRPN)

Marshall Wace LLP decreased its position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 32.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 370,613 shares of the coupon company's stock after selling 174,580 shares during the period. Marshall Wace LLP owned about 0.93% of Groupon worth $4,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GRPN. Generali Investments CEE investicni spolecnost a.s. bought a new position in Groupon in the 4th quarter worth about $2,178,000. State Street Corp lifted its position 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 valued at $6,953,000 after buying an additional 114,400 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Groupon by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock valued at $128,000 after purchasing an additional 78,423 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Groupon in the fourth quarter worth $732,000. Finally, Hennessy Advisors Inc. raised its position in shares of Groupon by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock valued at $10,399,000 after purchasing an additional 54,600 shares during the period. Hedge funds and other institutional investors own 90.05% of the company's stock.

Wall Street Analysts Forecast Growth

GRPN has been the subject of a number of recent research reports. The Goldman Sachs Group lifted their price objective on shares of 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 objective on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.75.

Groupon Stock Down 9.0 %

Shares of Groupon stock traded down $1.79 during trading on Monday, reaching $18.10. The company's stock had a trading volume of 5,686,668 shares, compared to its average volume of 1,384,122. The company has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $12.63. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $20.22. The company has a market cap of $720.58 million, a price-to-earnings ratio of 35.49 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

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.