Groupon, Inc. $GRPN Shares Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC raised its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 1,008.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 121,439 shares of the coupon company’s stock after acquiring an additional 110,485 shares during the period. Groupon makes up about 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 21st biggest position. Counterpoint Mutual Funds LLC owned about 0.30% of Groupon worth $2,836,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in GRPN. Bank of America Corp DE raised its holdings in shares of Groupon by 552.5% during the second quarter. Bank of America Corp DE now owns 1,136,524 shares of the coupon company’s stock worth $38,017,000 after purchasing an additional 962,337 shares during the last quarter. Continental General Insurance Co. raised its stake in shares of Groupon by 28.3% during the 2nd quarter. Continental General Insurance Co. now owns 2,929,832 shares of the coupon company’s stock valued at $98,003,000 after buying an additional 647,100 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Groupon by 59.4% during the 2nd quarter. Marshall Wace LLP now owns 1,167,422 shares of the coupon company’s stock valued at $39,050,000 after buying an additional 434,963 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Groupon by 22.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,108,578 shares of the coupon company’s stock valued at $49,235,000 after buying an additional 383,277 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Groupon by 229.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 494,865 shares of the coupon company’s stock worth $16,553,000 after buying an additional 344,761 shares during the last quarter. 90.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on GRPN. Zacks Research cut Groupon from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Groupon in a report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of Groupon from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.25.

Groupon Stock Performance

NASDAQ:GRPN opened at $12.16 on Tuesday. The company has a debt-to-equity ratio of 4.16, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $495.64 million, a PE ratio of -3.48 and a beta of -0.01. Groupon, Inc. has a fifty-two week low of $9.21 and a fifty-two week high of $43.08. The company has a fifty day moving average of $15.41 and a two-hundred day moving average of $19.47.

Groupon Company Profile

Groupon, Inc operates an online marketplace that connects subscribers with local merchants offering discounted goods, services and experiences. Through its website and mobile applications, Groupon provides time-limited deals across categories such as restaurants, travel, beauty and wellness, home services, and consumer products. Merchants partner with Groupon to attract new customers and drive foot traffic, leveraging the platform’s targeted marketing tools and large subscriber base to promote special offers and vouchers.

Founded in Chicago in 2008 by Andrew Mason, Eric Lefkofsky and Brad Keywell, Groupon pioneered the daily-deals model, quickly growing its user community and merchant network.