Two Sigma Advisers LP Cuts Stock Holdings in Groupon, Inc. (NASDAQ:GRPN)

Two Sigma Advisers LP decreased its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 71.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,180 shares of the coupon company’s stock after selling 114,982 shares during the quarter. Two Sigma Advisers LP owned 0.12% of Groupon worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in GRPN. New York State Teachers Retirement System purchased a new stake in shares of Groupon during the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management boosted its holdings in Groupon by 68.2% in the fourth quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock worth $30,000 after purchasing an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Groupon in the fourth quarter worth approximately $41,000. Amundi boosted its holdings in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after purchasing an additional 1,006 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Groupon by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock worth $128,000 after purchasing an additional 78,423 shares during the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on GRPN. Northland Securities raised their target price on shares of Groupon from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Tuesday. The Goldman Sachs Group raised their target price on shares of Groupon from $9.00 to $15.00 and gave the stock a “sell” rating in a report on Monday, May 12th. Ascendiant Capital Markets raised their target price on shares of Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 17th. Roth Mkm raised their target price on shares of Groupon from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Finally, Wall Street Zen cut shares of Groupon from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Groupon has a consensus rating of “Moderate Buy” and an average target price of $23.25.

Groupon Stock Up 0.2%

Shares of GRPN stock opened at $32.44 on Wednesday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 63.61 and a beta of 0.83. Groupon, Inc. has a one year low of $7.75 and a one year high of $32.97. The company’s fifty day moving average price is $21.66 and its 200-day moving average price is $15.26. 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 (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, May 7th. The coupon company reported $0.18 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.38. The firm had revenue of $117.19 million for the quarter, compared to the consensus estimate of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. Sell-side analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

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.