Swiss National Bank lessened its holdings in Groupon, Inc. (NASDAQ:GRPN – Get Rating) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,178 shares of the coupon company's stock after selling 7,300 shares during the quarter. Swiss National Bank owned about 0.17% of Groupon worth $590,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in shares of Groupon by 27.8% during the 1st quarter. New York State Common Retirement Fund now owns 19,326 shares of the coupon company's stock worth $372,000 after purchasing an additional 4,208 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Groupon during the 1st quarter valued at approximately $91,000. OLD Mission Capital LLC purchased a new position in shares of Groupon during the 2nd quarter valued at approximately $250,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Groupon by 10.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,356 shares of the coupon company's stock valued at $1,353,000 after buying an additional 6,641 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Groupon during the 1st quarter valued at approximately $55,000. Institutional investors and hedge funds own 85.90% of the company's stock.
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Analysts Set New Price Targets
GRPN has been the topic of a number of recent analyst reports. Credit Suisse Group decreased their target price on Groupon from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 8th. The Goldman Sachs Group decreased their target price on Groupon from $10.00 to $6.50 and set a "sell" rating on the stock in a research report on Tuesday, November 8th. Ascendiant Capital Markets decreased their target price on Groupon to $18.00 in a research report on Thursday, September 15th. Barclays decreased their price objective on Groupon from $10.00 to $6.00 and set an "underweight" rating on the stock in a report on Tuesday, November 8th. Finally, StockNews.com assumed coverage on Groupon in a report on Wednesday, October 12th. They issued a "sell" rating on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $14.75.
Groupon Price Performance
Groupon stock opened at $8.40 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.31. The company has a 50-day moving average price of $8.04 and a 200 day moving average price of $10.74. Groupon, Inc. has a 12-month low of $6.35 and a 12-month high of $31.15. The stock has a market cap of $255.67 million, a P/E ratio of -1.62 and a beta of 1.94.
Groupon Profile
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Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.
Further Reading
- Get a free copy of the StockNews.com research report on Groupon (GRPN)
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