Swiss National Bank Acquires 4,600 Shares of Groupon, Inc. (NASDAQ:GRPN)

Swiss National Bank grew its stake in Groupon, Inc. (NASDAQ:GRPN) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,800 shares of the coupon company’s stock after acquiring an additional 4,600 shares during the period. Swiss National Bank owned 0.13% of Groupon worth $617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Centiva Capital LP bought a new position in Groupon in the third quarter valued at approximately $442,000. State Street Corp boosted its holdings in shares of Groupon by 19.2% in the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after buying an additional 114,400 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Groupon in the fourth quarter valued at $2,178,000. Quantbot Technologies LP acquired a new position in Groupon during the third quarter worth $814,000. Finally, Stifel Financial Corp bought a new stake in Groupon during the third quarter worth $201,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on GRPN. The Goldman Sachs Group lifted their price objective on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Friday, March 14th. Ascendiant Capital Markets boosted their price target on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.75.

Groupon Price Performance

NASDAQ:GRPN opened at $18.82 on Friday. The company has a market cap of $749.24 million, a P/E ratio of 36.90 and a beta of 1.41. The firm’s fifty day moving average price is $12.72 and its two-hundred day moving average price is $11.43. Groupon, Inc. has a one year low of $7.75 and a one year high of $18.99. 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 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.