Charles Schwab Investment Management Inc. Has $2.44 Million Position in Groupon, Inc. (NASDAQ:GRPN)

Charles Schwab Investment Management Inc. increased its stake in Groupon, Inc. (NASDAQ:GRPN) by 0.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 200,436 shares of the coupon company’s stock after purchasing an additional 1,449 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Groupon were worth $2,435,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GRPN. Bank of New York Mellon Corp lifted its holdings in Groupon by 42.7% during the 4th quarter. Bank of New York Mellon Corp now owns 73,088 shares of the coupon company’s stock worth $888,000 after purchasing an additional 21,859 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Groupon by 3.2% in 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 during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Groupon in the fourth quarter valued at approximately $26,000. Hennessy Advisors Inc. grew its stake in shares of Groupon by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock worth $10,399,000 after purchasing an additional 54,600 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 purchasing an additional 1,498 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Groupon Stock Performance

Groupon stock opened at $18.82 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 1-year low of $7.75 and a 1-year high of $18.99. The firm has a market capitalization of $749.24 million, a PE ratio of 36.90 and a beta of 1.41. The firm’s 50 day simple moving average is $12.72 and its 200 day simple moving average is $11.43.

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.