Corient Private Wealth LLC Makes New $510,000 Investment in Groupon, Inc. (NASDAQ:GRPN)

Corient Private Wealth LLC purchased a new stake in Groupon, Inc. (NASDAQ:GRPN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 42,005 shares of the coupon company’s stock, valued at approximately $510,000. Corient Private Wealth LLC owned 0.11% of Groupon as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GRPN. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Groupon during the 4th quarter worth $2,178,000. State Street Corp boosted its stake in shares of Groupon by 19.2% in the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after buying an additional 114,400 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Groupon during the third quarter worth approximately $814,000. Hennessy Advisors Inc. raised its holdings in Groupon by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock valued at $10,399,000 after acquiring an additional 54,600 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in Groupon in the third quarter worth approximately $442,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Price Performance

Shares of NASDAQ:GRPN opened at $18.82 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. Groupon, Inc. has a 12 month low of $7.75 and a 12 month high of $18.99. The firm has a market capitalization of $749.24 million, a P/E ratio of 36.90 and a beta of 1.41. The company’s fifty day moving average price is $12.72 and its 200 day moving average price is $11.43.

Analyst Upgrades and Downgrades

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

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.