State Street Corp Grows Stock Holdings in Groupon, Inc. (NASDAQ:GRPN)

State Street Corp raised its position in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 19.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 710,942 shares of the coupon company's stock after purchasing an additional 114,400 shares during the period. State Street Corp owned about 1.79% of Groupon worth $6,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in GRPN. Stifel Financial Corp acquired a new position in shares of Groupon during the 3rd quarter worth approximately $201,000. Prentice Capital Management LP lifted its position in shares of Groupon by 17.7% in the third quarter. Prentice Capital Management LP now owns 199,751 shares of the coupon company's stock valued at $1,954,000 after acquiring an additional 30,106 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Groupon during the 3rd quarter worth about $174,000. Centiva Capital LP acquired a new position in Groupon in the 3rd quarter valued at about $442,000. Finally, Maverick Capital Ltd. lifted its holdings in Groupon by 28.7% in the 3rd quarter. Maverick Capital Ltd. now owns 75,051 shares of the coupon company's stock valued at $734,000 after purchasing an additional 16,734 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company's stock.

Analyst Ratings Changes

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

Groupon Trading Down 0.7 %

Shares of GRPN traded down $0.08 during mid-day trading on Friday, hitting $11.93. The company had a trading volume of 865,244 shares, compared to its average volume of 1,309,663. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $19.56. The business's 50-day simple moving average is $10.50 and its 200-day simple moving average is $12.27. The stock has a market cap of $474.43 million, a PE ratio of 23.39 and a beta of 1.72. 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 (NASDAQ:GRPN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of ($0.25) by $0.58. The company had revenue of $114.48 million for the quarter, compared to the consensus estimate of $119.02 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. During the same quarter last year, the firm posted ($0.22) earnings per share. Sell-side analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current year.

About Groupon

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.