47,770 Shares in Groupon, Inc. $GRPN Acquired by Nuveen LLC

Nuveen LLC bought a new position in Groupon, Inc. (NASDAQ:GRPN - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 47,770 shares of the coupon company's stock, valued at approximately $897,000. Nuveen LLC owned approximately 0.12% of Groupon as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Groupon by 48,700.0% in the 1st quarter. GAMMA Investing LLC now owns 5,856 shares of the coupon company's stock worth $1,100,000 after acquiring an additional 5,844 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Groupon by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock worth $128,000 after buying an additional 78,423 shares during the last quarter. Trust Investment Advisors purchased a new position in shares of Groupon in the 1st quarter worth $218,000. Wells Fargo & Company MN lifted its position in shares of Groupon by 36.4% in the fourth quarter. Wells Fargo & Company MN now owns 12,519 shares of the coupon company's stock worth $152,000 after buying an additional 3,342 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Groupon by 11.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,652 shares of the coupon company's stock worth $179,000 after buying an additional 1,552 shares in the last quarter. Institutional investors own 90.05% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GRPN shares. Roth Capital boosted their price objective on Groupon from $33.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. UBS Group began coverage on Groupon in a research note on Thursday, August 7th. They set a "mixed" rating on the stock. Northland Securities boosted their price target on Groupon from $39.00 to $44.00 and gave the company an "outperform" rating in a report on Monday, August 11th. The Goldman Sachs Group increased their target price on Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a research report on Monday, May 12th. Finally, Wall Street Zen cut Groupon from a "strong-buy" rating to a "buy" rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Groupon has a consensus rating of "Moderate Buy" and a consensus price target of $29.80.

Groupon Price Performance

Shares of GRPN stock traded up $0.71 during mid-day trading on Friday, hitting $24.01. 2,022,840 shares of the stock were exchanged, compared to its average volume of 1,284,071. The company has a market cap of $970.72 million, a PE ratio of -100.04 and a beta of 0.68. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $43.08. The firm has a fifty day moving average of $31.00 and a 200 day moving average of $25.13. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16.

Groupon (NASDAQ:GRPN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.48. The firm had revenue of $125.70 million for the quarter, compared to analyst estimates of $122.46 million. Groupon had a negative net margin of 1.89% and a negative return on equity of 19.61%. Research analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current year.

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.