Barclays PLC Has $540,000 Holdings in Groupon, Inc. (NASDAQ:GRPN)

Barclays PLC trimmed its stake in Groupon, Inc. (NASDAQ:GRPN) by 48.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,210 shares of the coupon company’s stock after selling 51,307 shares during the period. Barclays PLC owned about 0.14% of Groupon worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centiva Capital LP bought a new stake in shares of Groupon in the 3rd quarter valued at about $442,000. State Street Corp lifted its stake in shares of Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after acquiring an additional 114,400 shares during the period. Dimensional Fund Advisors LP bought a new stake in Groupon in the second quarter valued at approximately $1,463,000. Quantbot Technologies LP acquired a new stake in Groupon during the 3rd quarter valued at approximately $814,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Groupon by 591.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 123,727 shares of the coupon company’s stock worth $1,893,000 after purchasing an additional 105,832 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GRPN. Northland Securities reduced their price objective on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Roth Mkm restated a “buy” rating and issued a $26.00 target price on shares of Groupon in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group decreased 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Groupon has a consensus rating of “Moderate Buy” and an average price target of $17.00.

Groupon Stock Performance

Shares of GRPN stock opened at $10.65 on Friday. The firm has a 50 day moving average of $10.91 and a 200-day moving average of $11.92. The company has a market cap of $423.55 million, a price-to-earnings ratio of 20.88 and a beta of 1.66. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $19.56.

Groupon (NASDAQ:GRPN) last issued its earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.58. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The business 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. On average, equities 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.