State Street Corp Purchases 114,400 Shares of Groupon, Inc. (NASDAQ:GRPN)

State Street Corp lifted its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 19.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 710,942 shares of the coupon company’s stock after acquiring an additional 114,400 shares during the quarter. State Street Corp owned approximately 1.79% of Groupon worth $6,953,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GRPN. FMR LLC lifted its holdings in Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after purchasing an additional 2,888 shares during the last quarter. 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 during the period. MetLife Investment Management LLC raised its holdings in Groupon by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after acquiring an additional 7,516 shares in the last quarter. Entropy Technologies LP acquired a new stake in Groupon during the third quarter worth about $145,000. Finally, Maverick Capital Ltd. increased its holdings in Groupon by 36.2% in the 2nd quarter. Maverick Capital Ltd. now owns 58,317 shares of the coupon company’s stock valued at $892,000 after buying an additional 15,510 shares during the period. 90.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GRPN shares. The Goldman Sachs Group lowered 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. Northland Securities cut 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. Finally, Roth Mkm reaffirmed a “buy” rating and set a $26.00 price target on shares of Groupon in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Groupon currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.00.

Groupon Trading Down 0.7 %

Shares of GRPN stock opened at $11.93 on Friday. The company has a market cap of $474.43 million, a P/E ratio of 23.39 and a beta of 1.72. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $19.56. The stock has a 50 day simple moving average of $10.50 and a two-hundred day simple moving average of $12.27. 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 (NASDAQ:GRPN) last issued its 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. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The company had revenue of $114.48 million for the quarter, compared to analyst estimates of $119.02 million. During the same period in the prior year, the firm earned ($0.22) earnings per share. Research 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.