Geode Capital Management LLC Increases Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Geode Capital Management LLC increased its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 566,612 shares of the coupon company’s stock after acquiring an additional 1,498 shares during the period. Geode Capital Management LLC’s holdings in Groupon were worth $5,542,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC raised its holdings in Groupon by 112.5% during the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after buying an additional 2,888 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Groupon by 129.1% during the third quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after purchasing an additional 7,516 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Groupon during the 3rd quarter valued at $145,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Groupon during the 3rd quarter valued at $174,000. Finally, Marathon Trading Investment Management LLC bought a new position in Groupon in the 3rd quarter worth $195,000. 90.05% of the stock is owned by institutional investors.

Groupon Price Performance

Shares of GRPN stock opened at $12.06 on Friday. The stock has a market capitalization of $479.60 million, a price-to-earnings ratio of 23.65 and a beta of 1.66. 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 twelve month low of $7.75 and a twelve month high of $19.56. The stock has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $12.13.

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

Wall Street Analysts Forecast Growth

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

Groupon 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.