Nuveen Asset Management LLC Has $749,000 Holdings in Groupon, Inc. (NASDAQ:GRPN)

Nuveen Asset Management LLC lessened its stake in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 96.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,617 shares of the coupon company's stock after selling 1,725,000 shares during the quarter. Nuveen Asset Management LLC owned about 0.15% of Groupon worth $749,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in shares of Groupon in the 4th quarter valued at about $26,000. Picton Mahoney Asset Management grew its holdings in Groupon by 68.2% during the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock valued at $30,000 after purchasing an additional 992 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Groupon during the fourth quarter valued at approximately $41,000. Amundi increased its stake in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after purchasing an additional 1,006 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Groupon by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock worth $128,000 after purchasing an additional 78,423 shares during the period. Institutional investors and hedge funds own 90.05% of the company's stock.

Groupon Stock Performance

Shares of GRPN stock traded up $0.97 on Friday, hitting $32.94. The company's stock had a trading volume of 1,016,403 shares, compared to its average volume of 1,408,118. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $33.05. The company has a market capitalization of $1.31 billion, a PE ratio of 64.59 and a beta of 1.04. The stock's 50 day moving average is $22.20 and its 200-day moving average is $15.54. 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 - Get Free Report) last announced its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The firm had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. Equities research analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price target on shares of Groupon from $9.00 to $15.00 and gave the company a "sell" rating in a report on Monday, May 12th. Northland Securities boosted their price objective on shares of Groupon from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday. Wall Street Zen cut Groupon from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Ascendiant Capital Markets lifted their price objective on shares of Groupon from $14.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, March 17th. Finally, Roth Mkm lifted their target price on Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.25.

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.