Groupon Target of Unusually Large Options Trading (NASDAQ:GRPN)

Groupon, Inc. (NASDAQ:GRPN - Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 11,416 call options on the stock. This represents an increase of 66% compared to the typical volume of 6,865 call options.

Groupon Stock Down 5.5 %

NASDAQ GRPN traded down $0.99 during trading on Monday, hitting $16.84. The company's stock had a trading volume of 809,391 shares, compared to its average volume of 1,387,055. Groupon has a fifty-two week low of $7.75 and a fifty-two week high of $20.22. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $669.90 million, a PE ratio of 33.02 and a beta of 0.93. The business's 50 day simple moving average is $16.36 and its 200-day simple moving average is $12.89.

Institutional Investors Weigh In On Groupon

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in shares of Groupon in the fourth quarter worth about $26,000. Picton Mahoney Asset Management raised its holdings in 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 purchasing an additional 992 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Groupon during the fourth quarter worth approximately $41,000. Amundi grew its holdings 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 during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Groupon by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company's stock valued at $128,000 after buying an additional 78,423 shares in the last quarter. 90.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.

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