State Street Corp Boosts Stock Holdings in Groupon, Inc. (NASDAQ:GRPN)

State Street Corp grew its position in Groupon, Inc. (NASDAQ:GRPN) by 19.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 710,942 shares of the coupon company’s stock after purchasing an additional 114,400 shares during the period. State Street Corp’s holdings in Groupon were worth $6,953,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its stake in shares of 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 period. Dimensional Fund Advisors LP purchased a new position in Groupon in the 2nd quarter valued at approximately $1,463,000. Quantbot Technologies LP bought a new position in Groupon in the 3rd quarter worth about $814,000. Bank of New York Mellon Corp bought a new stake in Groupon during the 2nd quarter worth approximately $1,057,000. Finally, Centiva Capital LP bought a new position in Groupon in the 3rd quarter worth about $442,000. 90.05% of the stock is owned by institutional investors.

Groupon Stock Performance

NASDAQ:GRPN opened at $11.93 on Friday. 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, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $19.56. The firm has a market cap of $474.43 million, a PE ratio of 23.39 and a beta of 1.72. The business has a 50 day moving average price of $10.50 and a 200-day moving average price of $12.27.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Tuesday, November 12th. The coupon company reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.58. The business had revenue of $114.48 million during the quarter, compared to analysts’ expectations of $119.02 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. During the same quarter in the prior year, the company posted ($0.22) EPS. Equities research analysts predict that Groupon, Inc. will post -0.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Groupon from $11.00 to $8.00 and set a “sell” rating for the company in a research report on Thursday, November 14th. Roth Mkm reissued a “buy” rating and issued a $26.00 price target on shares of Groupon in a research note on Wednesday, October 16th. Finally, Northland Securities cut their price target on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $17.00.

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.