Findell Capital Management LLC Sells 20,000 Shares of Groupon, Inc. (NASDAQ:GRPN)

Findell Capital Management LLC trimmed its position in Groupon, Inc. (NASDAQ:GRPN - Free Report) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 720,000 shares of the coupon company's stock after selling 20,000 shares during the quarter. Groupon comprises 3.6% of Findell Capital Management LLC's investment portfolio, making the stock its 9th biggest position. Findell Capital Management LLC owned 1.81% of Groupon worth $8,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Groupon in the 4th quarter worth approximately $26,000. Picton Mahoney Asset Management lifted its holdings in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after acquiring an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Groupon in the 4th quarter worth approximately $41,000. Amundi increased its stake in Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock worth $47,000 after buying an additional 1,006 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Groupon by 115.6% during 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 period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GRPN shares. Ascendiant Capital Markets upped their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research note on Monday, March 17th. Roth Mkm upped their target price on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, The Goldman Sachs Group upped their target price on shares of Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $17.25.

Groupon Price Performance

Shares of NASDAQ GRPN traded up $0.75 during midday trading on Friday, hitting $24.96. The company had a trading volume of 3,545,003 shares, compared to its average volume of 1,410,932. The company has a quick ratio of 0.93, a current 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 $25.35. The business has a 50-day simple moving average of $17.27 and a two-hundred day simple moving average of $13.23. The firm has a market capitalization of $993.81 million, a price-to-earnings ratio of 48.94 and a beta of 0.83.

Groupon (NASDAQ:GRPN - Get Free Report) last posted its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $115.51 million. Equities research analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current 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.