Marshall Wace LLP Lowers Stock Holdings in Groupon, Inc. (NASDAQ:GRPN)

Marshall Wace LLP trimmed its stake in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 370,613 shares of the coupon company's stock after selling 174,580 shares during the period. Marshall Wace LLP owned about 0.93% of Groupon worth $4,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Hennessy Advisors Inc. lifted its position in shares of Groupon by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company's stock valued at $10,399,000 after acquiring an additional 54,600 shares during the period. State Street Corp lifted its position in shares of Groupon by 19.2% during the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company's stock valued at $6,953,000 after acquiring an additional 114,400 shares during the period. Geode Capital Management LLC lifted its position 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 valued at $5,542,000 after acquiring an additional 1,498 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 period. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Groupon during the 4th quarter valued at approximately $2,178,000. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently weighed in on GRPN shares. The Goldman Sachs Group raised their price objective 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. Roth Mkm raised their price objective on shares of Groupon from $21.00 to $24.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Ascendiant Capital Markets raised their price objective 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. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.25.

Groupon Trading Up 0.6 %

GRPN stock traded up $0.11 during midday trading on Wednesday, hitting $18.21. The stock had a trading volume of 1,316,361 shares, compared to its average volume of 1,385,813. The firm has a market cap of $724.96 million, a PE ratio of 35.71 and a beta of 0.93. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. Groupon, Inc. has a 12-month low of $7.75 and a 12-month high of $20.22. The company's 50-day moving average price is $16.11 and its 200 day moving average price is $12.76.

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.