Groupon (NASDAQ:GRPN) Sees Large Volume Increase - Still a Buy?

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,335,953 shares were traded during mid-day trading, a decline of 2% from the previous session's volume of 1,367,972 shares.The stock last traded at $17.57 and had previously closed at $19.89.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Groupon from $8.00 to $9.00 and gave the stock a "sell" rating in a research note on Friday, March 14th. Ascendiant Capital Markets lifted their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.75.

Groupon Stock Performance

The company has a market capitalization of $686.94 million, a PE ratio of 33.78 and a beta of 0.93. The stock's fifty day simple moving average is $15.81 and its 200-day simple moving average is $12.63. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93.

Institutional Trading of Groupon

Hedge funds and other institutional investors have recently bought and sold shares of the company. Picton Mahoney Asset Management boosted its holdings in shares of Groupon by 68.2% during the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after purchasing an additional 992 shares during the last quarter. Amundi boosted its stake in Groupon by 35.5% in 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 last quarter. Rhumbline Advisers grew its holdings in Groupon by 3.2% in the 4th quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company's stock valued at $410,000 after buying an additional 1,030 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Groupon by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company's stock valued at $2,435,000 after acquiring an additional 1,449 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Groupon by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company's stock worth $5,542,000 after acquiring an additional 1,498 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

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.

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