UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,121 Shares of Groupon, Inc. (NASDAQ:GRPN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 5.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,545 shares of the coupon company’s stock after selling 4,121 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Groupon worth $651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC increased its position in shares of Groupon by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after purchasing an additional 7,516 shares during the last quarter. FMR LLC boosted its stake in Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after buying an additional 2,888 shares during the period. Quantbot Technologies LP bought a new position in Groupon during the third quarter valued at $814,000. Marathon Trading Investment Management LLC bought a new position in Groupon during the third quarter valued at $195,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of Groupon by 84.8% in the 3rd quarter. GSA Capital Partners LLP now owns 75,110 shares of the coupon company’s stock worth $735,000 after acquiring an additional 34,456 shares during the last quarter. 90.05% of the stock is currently owned by hedge funds and other institutional investors.

Groupon Trading Up 0.6 %

Shares of GRPN opened at $10.40 on Friday. 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 firm has a market capitalization of $413.59 million, a price-to-earnings ratio of 20.39 and a beta of 1.72. The company has a 50-day moving average of $10.38 and a 200 day moving average of $12.40. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $19.56.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The firm had revenue of $114.48 million during the quarter, compared to analyst estimates of $119.02 million. During the same quarter in the previous year, the business earned ($0.22) earnings per share. On average, research analysts expect that Groupon, Inc. will post -0.31 EPS for the current year.

Analyst Ratings Changes

Several equities analysts 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 target price on Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a research note on Thursday, November 14th. Finally, Northland Securities decreased their price target on Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Groupon Company 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.