Charles Schwab Investment Management Inc. Has $3.71 Million Stake in Groupon, Inc. $GRPN

Charles Schwab Investment Management Inc. trimmed its holdings in Groupon, Inc. (NASDAQ:GRPN) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,495 shares of the coupon company’s stock after selling 2,941 shares during the period. Charles Schwab Investment Management Inc. owned 0.50% of Groupon worth $3,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Groupon by 115.6% in the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock valued at $128,000 after acquiring an additional 78,423 shares during the last quarter. Wells Fargo & Company MN increased its stake in Groupon by 36.4% in the fourth quarter. Wells Fargo & Company MN now owns 12,519 shares of the coupon company’s stock valued at $152,000 after acquiring an additional 3,342 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Groupon by 11.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,652 shares of the coupon company’s stock valued at $179,000 after acquiring an additional 1,552 shares during the last quarter. Trust Investment Advisors bought a new stake in shares of Groupon during the first quarter worth $218,000. Finally, California State Teachers Retirement System grew its stake in shares of Groupon by 6.8% during the fourth quarter. California State Teachers Retirement System now owns 23,897 shares of the coupon company’s stock worth $290,000 after buying an additional 1,526 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Groupon Price Performance

GRPN stock opened at $26.10 on Friday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -108.75 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 12-month low of $7.75 and a 12-month high of $43.08. The company’s fifty day simple moving average is $32.06 and its 200 day simple moving average is $24.55.

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

Wall Street Analysts Forecast Growth

GRPN has been the topic of a number of research reports. Wall Street Zen raised shares of Groupon from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. UBS Group began coverage on shares of Groupon in a research note on Thursday, August 7th. They set a “mixed” rating on the stock. Northland Securities boosted their price objective on shares of Groupon from $39.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, August 11th. The Goldman Sachs Group boosted their price objective 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 Capital boosted their price objective on shares of Groupon from $33.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $29.80.

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.