MetLife Investment Advisors LLC Takes Position in Groupon (GRPN)

MetLife Investment Advisors LLC bought a new stake in Groupon (NASDAQ:GRPN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 141,928 shares of the coupon company’s stock, valued at approximately $724,000.

A number of other large investors have also bought and sold shares of GRPN. New York State Common Retirement Fund increased its holdings in Groupon by 5.3% in the third quarter. New York State Common Retirement Fund now owns 351,800 shares of the coupon company’s stock valued at $1,829,000 after buying an additional 17,800 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Groupon by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 1,470,358 shares of the coupon company’s stock valued at $7,646,000 after buying an additional 20,651 shares during the last quarter. American International Group Inc. increased its holdings in Groupon by 8.1% in the third quarter. American International Group Inc. now owns 227,807 shares of the coupon company’s stock valued at $1,185,000 after buying an additional 17,033 shares during the last quarter. Legal & General Group Plc increased its holdings in Groupon by 18.7% in the third quarter. Legal & General Group Plc now owns 173,644 shares of the coupon company’s stock valued at $897,000 after buying an additional 27,382 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Groupon by 60.2% in the third quarter. JPMorgan Chase & Co. now owns 939,505 shares of the coupon company’s stock valued at $4,698,000 after buying an additional 353,103 shares during the last quarter. 63.58% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, CAO Brian Stevens sold 15,000 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the completion of the sale, the chief accounting officer now owns 232,751 shares in the company, valued at $1,072,982.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $4.60, for a total transaction of $6,900,000.00. The disclosure for this sale can be found here. 23.40% of the stock is currently owned by corporate insiders.

GRPN has been the topic of several recent analyst reports. Morgan Stanley raised Groupon from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $4.27 to $4.00 in a report on Monday, March 5th. BidaskClub upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Goldman Sachs upgraded shares of Groupon from a “sell” rating to a “neutral” rating and set a $5.40 price objective for the company in a research note on Wednesday, January 17th. Finally, JPMorgan Chase decreased their price objective on shares of Groupon from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, February 15th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.06.

Shares of GRPN opened at $4.53 on Monday. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The stock has a market cap of $2,487.59, a PE ratio of -151.00, a price-to-earnings-growth ratio of 19.88 and a beta of 1.40. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.95 and a quick ratio of 0.95.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). Groupon had a return on equity of 0.22% and a net margin of 0.49%. The business had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. During the same quarter last year, the company posted $0.07 EPS. Groupon’s quarterly revenue was down 3.5% on a year-over-year basis. sell-side analysts anticipate that Groupon will post 0.03 EPS for the current year.

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Groupon Company Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelries, toys, household items, and apparel, as well as provides discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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