MANA Advisors LLC purchased a new stake in Groupon Inc (NASDAQ:GRPN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 49,780 shares of the coupon company’s stock, valued at approximately $254,000.
A number of other institutional investors also recently modified their holdings of the business. SG Capital Management LLC acquired a new position in shares of Groupon in the 3rd quarter valued at $16,741,000. Allianz Asset Management GmbH raised its stake in shares of Groupon by 28.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 8,925,535 shares of the coupon company’s stock valued at $46,413,000 after buying an additional 1,989,085 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Groupon in the 4th quarter valued at $9,556,000. Point72 Asset Management L.P. acquired a new position in shares of Groupon in the 3rd quarter valued at $8,924,000. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Groupon by 1,858.6% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 1,509,867 shares of the coupon company’s stock valued at $7,700,000 after buying an additional 1,432,777 shares in the last quarter. 63.58% of the stock is owned by hedge funds and other institutional investors.
Shares of Groupon Inc (NASDAQ:GRPN) opened at $4.63 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95. Groupon Inc has a 1 year low of $2.90 and a 1 year high of $5.99.
A number of brokerages have recently issued reports on GRPN. BidaskClub cut shares of Groupon from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Vetr upgraded shares of Groupon from a “hold” rating to a “buy” rating and set a $6.09 target price for the company in a research report on Monday, December 4th. Morgan Stanley reiterated a “sell” rating and set a $4.30 target price on shares of Groupon in a research report on Thursday, February 15th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a research report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Groupon currently has an average rating of “Hold” and an average price target of $5.06.
In other Groupon news, CAO Brian Stevens sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $4.61, for a total value of $69,150.00. Following the completion of the sale, the chief accounting officer now owns 232,751 shares in the company, valued at approximately $1,072,982.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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