Commerzbank Aktiengesellschaft FI increased its holdings in Groupon Inc (NASDAQ:GRPN) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 368,579 shares of the coupon company’s stock after acquiring an additional 21,261 shares during the quarter. Commerzbank Aktiengesellschaft FI owned approximately 0.07% of Groupon worth $1,917,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in GRPN. Aperio Group LLC raised its stake in Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after buying an additional 1,268 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in Groupon during the second quarter valued at approximately $461,000. State of New Jersey Common Pension Fund D raised its stake in Groupon by 4.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 4,800,000 shares of the coupon company’s stock valued at $18,432,000 after buying an additional 200,000 shares in the last quarter. Global X Management Co. LLC raised its stake in Groupon by 46.7% during the second quarter. Global X Management Co. LLC now owns 481,835 shares of the coupon company’s stock valued at $1,850,000 after buying an additional 153,414 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Groupon by 33.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,978,469 shares of the coupon company’s stock valued at $7,598,000 after buying an additional 498,238 shares in the last quarter. Institutional investors and hedge funds own 60.04% of the company’s stock.
Groupon Inc (GRPN) opened at $5.71 on Wednesday. Groupon Inc has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86.
A number of brokerages have recently weighed in on GRPN. Zacks Investment Research upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price target on the stock in a research report on Monday, November 6th. TheStreet upgraded Groupon from a “d” rating to a “c-” rating in a research report on Thursday, November 2nd. Citigroup increased their price target on Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Vetr cut Groupon from a “strong-buy” rating to a “strong sell” rating and set a $3.68 price target on the stock. in a research report on Thursday, November 2nd. Finally, Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target (up from $5.50) on shares of Groupon in a research report on Wednesday, November 1st. Six research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.99.
In related news, insider James Sullivan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total value of $132,250.00. Following the completion of the transaction, the insider now directly owns 350,919 shares of the company’s stock, valued at approximately $1,856,361.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian Stevens sold 20,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the transaction, the chief accounting officer now directly owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The disclosure for this sale can be found here. Insiders sold a total of 1,570,000 shares of company stock valued at $6,953,950 over the last three months. Corporate insiders own 23.40% of the company’s stock.
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Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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