Groupon, Inc. (NASDAQ:GRPN) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in Groupon, Inc. (NASDAQ:GRPN – Get Rating) by 59.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 387,361 shares of the coupon company’s stock after selling 565,054 shares during the period. Federated Hermes Inc. owned approximately 1.27% of Groupon worth $3,083,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GRPN. Swiss National Bank increased its holdings in shares of Groupon by 7.6% in the first quarter. Swiss National Bank now owns 59,478 shares of the coupon company’s stock valued at $1,144,000 after purchasing an additional 4,200 shares during the period. Raymond James & Associates purchased a new stake in shares of Groupon in the first quarter worth about $273,000. Bank of Montreal Can purchased a new stake in shares of Groupon in the first quarter worth about $414,000. MetLife Investment Management LLC boosted its stake in shares of Groupon by 45.7% in the first quarter. MetLife Investment Management LLC now owns 14,560 shares of the coupon company’s stock worth $280,000 after buying an additional 4,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in Groupon during the first quarter worth approximately $6,673,000. 57.11% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jan Barta bought 6,716,966 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The shares were acquired at an average price of $7.28 per share, for a total transaction of $48,899,512.48. Following the completion of the transaction, the director now directly owns 6,716,966 shares in the company, valued at approximately $48,899,512.48. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 15.90% of the stock is currently owned by company insiders.

Groupon Stock Performance

Shares of GRPN stock opened at $5.73 on Friday. The company has a market capitalization of $174.42 million, a P/E ratio of -1.11 and a beta of 1.82. The business’s 50 day moving average is $7.86 and its two-hundred day moving average is $8.31. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.31. Groupon, Inc. has a 12-month low of $5.72 and a 12-month high of $21.17.

Groupon Company Profile

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Groupon, Inc operates as a global scaled two-sided marketplace that connects consumers to merchants. It operates through the North America and International segments. The company was founded by Andrew D. Mason, Eric Paul Lefkofsky, and Bradley A. Keywell in 2008 and is headquartered in Chicago, IL.