MetLife Investment Management LLC Buys 7,516 Shares of Groupon, Inc. (NASDAQ:GRPN)

MetLife Investment Management LLC grew its stake in Groupon, Inc. (NASDAQ:GRPN) by 129.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,340 shares of the coupon company’s stock after buying an additional 7,516 shares during the quarter. MetLife Investment Management LLC’s holdings in Groupon were worth $130,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its position in Groupon by 259.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 191,514 shares of the coupon company’s stock valued at $2,930,000 after buying an additional 138,218 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Groupon in the second quarter valued at approximately $10,884,000. Bank of New York Mellon Corp bought a new stake in shares of Groupon in the second quarter worth $1,057,000. Rhumbline Advisers boosted its holdings in Groupon by 3,380.4% during the second quarter. Rhumbline Advisers now owns 31,428 shares of the coupon company’s stock worth $481,000 after purchasing an additional 30,525 shares during the last quarter. Finally, Weil Company Inc. grew its position in Groupon by 8.5% in the second quarter. Weil Company Inc. now owns 38,291 shares of the coupon company’s stock valued at $586,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 90.05% of the company’s stock.

Groupon Stock Down 4.9 %

Shares of GRPN stock opened at $12.31 on Tuesday. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $19.56. The stock has a market cap of $489.57 million, a price-to-earnings ratio of 24.14 and a beta of 1.72. The firm’s 50-day moving average is $10.13 and its 200-day moving average is $12.59. 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 (NASDAQ:GRPN) last released its quarterly earnings data on Tuesday, November 12th. The coupon company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.58. Groupon had a return on equity of 91.94% and a net margin of 3.87%. The company had revenue of $114.48 million during the quarter, compared to analysts’ expectations of $119.02 million. During the same period last year, the firm posted ($0.22) earnings per share. Sell-side analysts predict that Groupon, Inc. will post -0.31 EPS for the current year.

Analysts Set New Price Targets

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

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.