Bank of New York Mellon Corp Grows Stake in Groupon, Inc. (NASDAQ:GRPN)

Bank of New York Mellon Corp grew its position in Groupon, Inc. (NASDAQ:GRPN) by 42.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,088 shares of the coupon company’s stock after buying an additional 21,859 shares during the quarter. Bank of New York Mellon Corp owned 0.18% of Groupon worth $888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its position in Groupon by 3.2% during the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock valued at $410,000 after acquiring an additional 1,030 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Groupon by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock worth $5,542,000 after acquiring an additional 1,498 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Groupon during the 4th quarter worth $26,000. FMR LLC boosted its position in Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after purchasing an additional 2,888 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Groupon by 129.1% in the third 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. Institutional investors own 90.05% of the company’s stock.

Groupon Stock Performance

GRPN opened at $18.24 on Wednesday. The company has a market cap of $726.15 million, a P/E ratio of 35.77 and a beta of 1.41. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. The firm’s 50-day moving average price is $12.25 and its 200-day moving average price is $11.27. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $18.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GRPN shares. Ascendiant Capital Markets lifted their price objective on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. The Goldman Sachs Group lifted their price target on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.75.

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.