Groupon, Inc. $GRPN Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its stake in Groupon, Inc. (NASDAQ:GRPN) by 351.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 261,447 shares of the coupon company’s stock after acquiring an additional 203,585 shares during the quarter. Invesco Ltd. owned approximately 0.66% of Groupon worth $4,907,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BNP Paribas Financial Markets acquired a new position in shares of Groupon during the 4th quarter valued at about $422,000. Tyro Capital Management LLC acquired a new stake in shares of Groupon during the fourth quarter worth about $20,964,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Groupon during the first quarter worth about $2,817,000. Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of Groupon by 10.5% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 198,062 shares of the coupon company’s stock worth $3,718,000 after purchasing an additional 18,772 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Groupon by 32.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,463 shares of the coupon company’s stock worth $1,075,000 after buying an additional 21,918 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Analyst Ratings Changes

GRPN has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price target on shares of Groupon from $9.00 to $15.00 and gave the company a “sell” rating in a research note on Monday, May 12th. Roth Capital raised their target price on shares of Groupon from $33.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Wall Street Zen raised Groupon from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. Northland Securities increased their price target on Groupon from $39.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, August 11th. Finally, UBS Group started coverage on Groupon in a report on Thursday, August 7th. They set a “mixed” rating for the company. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.80.

Groupon Stock Performance

NASDAQ:GRPN opened at $26.25 on Thursday. The company has a market capitalization of $1.06 billion, a PE ratio of -109.37 and a beta of 1.15. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 4.16. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $43.08. The stock has a fifty day simple moving average of $32.48 and a 200-day simple moving average of $24.35.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, August 6th. The coupon company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.48. The business had revenue of $125.70 million during the quarter, compared to the consensus estimate of $122.46 million. Groupon had a negative return on equity of 19.61% and a negative net margin of 1.89%. On average, equities research analysts expect that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

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.