Fmr LLC Grows Position in Groupon, Inc. (NASDAQ:GRPN)

Fmr LLC raised its position in Groupon, Inc. (NASDAQ:GRPN) by 112.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,456 shares of the coupon company’s stock after buying an additional 2,888 shares during the quarter. Fmr LLC’s holdings in Groupon were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Entropy Technologies LP purchased a new position in shares of Groupon in the 3rd quarter valued at approximately $145,000. Marathon Trading Investment Management LLC acquired a new position in shares of Groupon during the third quarter worth about $195,000. Headlands Technologies LLC raised its holdings in Groupon by 1,848.8% during the second quarter. Headlands Technologies LLC now owns 22,879 shares of the coupon company’s stock worth $350,000 after purchasing an additional 21,705 shares in the last quarter. Rhumbline Advisers raised its holdings in Groupon by 3,380.4% during the second quarter. Rhumbline Advisers now owns 31,428 shares of the coupon company’s stock worth $481,000 after purchasing an additional 30,525 shares in the last quarter. Finally, Weil Company Inc. boosted its holdings in Groupon by 8.5% in the 2nd quarter. Weil Company Inc. now owns 38,291 shares of the coupon company’s stock valued at $586,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Price Performance

GRPN stock opened at $12.10 on Wednesday. The stock’s 50 day moving average price is $10.44 and its 200 day moving average price is $12.29. The firm has a market cap of $481.19 million, a P/E ratio of 23.73 and a beta of 1.72. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. Groupon, Inc. has a 1 year low of $7.75 and a 1 year high of $19.56.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Roth Mkm reissued a “buy” rating and issued a $26.00 price target on shares of Groupon in a report on Wednesday, October 16th. The Goldman Sachs Group lowered their price target on Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a report on Thursday, November 14th. Finally, Northland Securities cut 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Groupon currently has a consensus 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.