Ameriprise Financial Inc. Lowers Holdings in Groupon, Inc. (NASDAQ:GRPN)

Ameriprise Financial Inc. lowered its holdings in Groupon, Inc. (NASDAQ:GRPN) by 2.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,545 shares of the coupon company’s stock after selling 1,486 shares during the period. Ameriprise Financial Inc. owned approximately 0.18% of Groupon worth $869,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System purchased a new stake in Groupon during the 4th quarter worth about $26,000. Rhumbline Advisers grew its position in shares of Groupon by 3.2% during the fourth quarter. Rhumbline Advisers now owns 33,716 shares of the coupon company’s stock worth $410,000 after buying an additional 1,030 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Groupon by 42.7% during the fourth quarter. Bank of New York Mellon Corp now owns 73,088 shares of the coupon company’s stock worth $888,000 after buying an additional 21,859 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Groupon by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock valued at $2,435,000 after acquiring an additional 1,449 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Groupon in the fourth quarter valued at approximately $2,178,000. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GRPN has been the subject of several analyst reports. Wall Street Zen cut shares of Groupon from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Ascendiant Capital Markets lifted their price objective on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. The Goldman Sachs Group boosted their target price on shares of Groupon from $9.00 to $15.00 and gave the stock a “sell” rating in a research note on Monday, May 12th. Finally, Roth Mkm raised their price target on Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.75.

Groupon Stock Performance

Shares of Groupon stock opened at $32.38 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $32.45. The firm’s 50 day moving average is $21.39 and its two-hundred day moving average is $15.14. The firm has a market capitalization of $1.29 billion, a P/E ratio of 63.49 and a beta of 0.83.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.38. Groupon had a net margin of 3.87% and a return on equity of 91.94%. The firm had revenue of $117.19 million for the quarter, compared to the consensus estimate of $115.51 million. Research analysts forecast that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Groupon Company 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.