Dusan Senkypl Acquires 137,946 Shares of Groupon, Inc. (NASDAQ:GRPN) Stock

Groupon, Inc. (NASDAQ:GRPN) CEO Dusan Senkypl purchased 137,946 shares of the business’s stock in a transaction on Monday, November 20th. The stock was purchased at an average cost of $9.74 per share, for a total transaction of $1,343,594.04. Following the completion of the acquisition, the chief executive officer now directly owns 7,040,310 shares of the company’s stock, valued at approximately $68,572,619.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dusan Senkypl also recently made the following trade(s):

• On Friday, November 17th, Dusan Senkypl acquired 24,803 shares of Groupon stock. The stock was acquired at an average cost of $9.50 per share, with a total value of $235,628.50.

Groupon Stock Up 1.9 %

Shares of NASDAQ GRPN opened at $9.72 on Tuesday. Groupon, Inc. has a 52 week low of $2.89 and a 52 week high of $16.25. The firm has a market cap of $309.58 million, a P/E ratio of -2.16 and a beta of 1.60. The business’s 50 day moving average price is $12.34 and its 200 day moving average price is $8.96.

Institutional Trading of Groupon

Several large investors have recently made changes to their positions in GRPN. Swiss National Bank raised its holdings in shares of Groupon by 7.6% during the first quarter. Swiss National Bank now owns 59,478 shares of the coupon company’s stock worth $1,144,000 after purchasing an additional 4,200 shares during the last quarter. Raymond James & Associates acquired a new stake in Groupon during the 1st quarter worth about $273,000. Bank of Montreal Can purchased a new position in shares of Groupon during the 1st quarter valued at about $414,000. MetLife Investment Management LLC lifted its holdings in shares of Groupon by 45.7% in the 1st quarter. MetLife Investment Management LLC now owns 14,560 shares of the coupon company’s stock valued at $280,000 after buying an additional 4,568 shares during the period. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Groupon in the 1st quarter valued at about $6,673,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on GRPN. The Goldman Sachs Group upped their target price on Groupon from $4.00 to $5.00 and gave the company a “sell” rating in a research report on Tuesday, November 14th. Credit Suisse Group upped their price objective on shares of Groupon from $3.40 to $8.00 and gave the company a “neutral” rating in a report on Friday, August 11th. StockNews.com upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays upped their price target on shares of Groupon from $4.00 to $6.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Finally, Roth Mkm assumed coverage on shares of Groupon in a research note on Thursday, October 12th. They set a “buy” rating and a $30.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.25.

About Groupon

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; and first-party goods inventory. It serves customers through its mobile applications and websites.