Bank of New York Mellon Corp Makes New $1.06 Million Investment in Groupon, Inc. (NASDAQ:GRPN)

Bank of New York Mellon Corp acquired a new stake in shares of Groupon, Inc. (NASDAQ:GRPN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 69,103 shares of the coupon company’s stock, valued at approximately $1,057,000. Bank of New York Mellon Corp owned 0.17% of Groupon as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in GRPN. State Board of Administration of Florida Retirement System purchased a new stake in Groupon during the first quarter valued at about $151,000. EntryPoint Capital LLC purchased a new stake in shares of Groupon during the 1st quarter worth about $153,000. Virtu Financial LLC acquired a new stake in Groupon during the 1st quarter worth approximately $309,000. Jupiter Asset Management Ltd. purchased a new position in Groupon in the first quarter valued at approximately $437,000. Finally, Swiss National Bank acquired a new position in Groupon during the fourth quarter valued at approximately $475,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GRPN shares. Northland Capmk raised shares of Groupon to a “strong-buy” rating in a research note on Wednesday, July 10th. Northland Securities lowered their target price on Groupon from $22.00 to $20.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Finally, Roth Mkm decreased their price target on Groupon from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.83.

Insiders Place Their Bets

In related news, Director Jason Harinstein purchased 15,000 shares of Groupon stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $10.61 per share, with a total value of $159,150.00. Following the completion of the transaction, the director now owns 55,658 shares of the company’s stock, valued at approximately $590,531.38. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other Groupon news, Director Robert J. Bass sold 4,583 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $11.35, for a total transaction of $52,017.05. Following the sale, the director now directly owns 104,731 shares of the company’s stock, valued at $1,188,696.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jason Harinstein purchased 15,000 shares of Groupon stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $10.61 per share, for a total transaction of $159,150.00. Following the completion of the transaction, the director now owns 55,658 shares in the company, valued at approximately $590,531.38. The disclosure for this purchase can be found here. 35.70% of the stock is owned by company insiders.

Groupon Stock Down 7.7 %

Shares of NASDAQ GRPN opened at $10.85 on Friday. The company has a debt-to-equity ratio of 5.62, a quick ratio of 0.94 and a current ratio of 0.94. Groupon, Inc. has a 1 year low of $8.08 and a 1 year high of $19.56. The stock’s 50-day simple moving average is $13.62 and its 200-day simple moving average is $13.92. The firm has a market cap of $429.02 million, a price-to-earnings ratio of -8.41 and a beta of 1.80.

Groupon (NASDAQ:GRPN) last released its earnings results on Tuesday, July 30th. The coupon company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.10. The business had revenue of $124.62 million for the quarter, compared to analysts’ expectations of $121.70 million. During the same quarter last year, the company posted ($0.30) earnings per share. As a group, equities analysts anticipate that Groupon, Inc. will post 0.04 earnings per share for the current fiscal year.

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.