KLP Kapitalforvaltning AS Buys New Stake in Groupon, Inc. (NASDAQ:GRPN)

KLP Kapitalforvaltning AS purchased a new position in Groupon, Inc. (NASDAQ:GRPN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,400 shares of the coupon company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Groupon during the 4th quarter worth approximately $2,178,000. State Street Corp raised its stake in shares of Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock worth $6,953,000 after purchasing an additional 114,400 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Groupon during the fourth quarter worth about $732,000. Hennessy Advisors Inc. boosted its position in Groupon by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock valued at $10,399,000 after buying an additional 54,600 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in Groupon during the 4th quarter valued at approximately $510,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on GRPN. The Goldman Sachs Group increased their price objective on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Friday, March 14th. Ascendiant Capital Markets boosted their price objective on Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.75.

Groupon Stock Performance

GRPN opened at $19.05 on Friday. The firm has a fifty day moving average price of $14.45 and a 200 day moving average price of $11.98. Groupon, Inc. has a 1 year low of $7.75 and a 1 year high of $19.25. The stock has a market cap of $758.40 million, a P/E ratio of 37.35 and a beta of 0.93. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93.

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. It serves customers through its mobile applications and websites.