Groupon, Inc. (NASDAQ:GRPN) Stock Holdings Lowered by Garnet Equity Capital Holdings Inc.

Garnet Equity Capital Holdings Inc. lessened its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 30.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,999,812 shares of the coupon company’s stock after selling 896,164 shares during the quarter. Groupon makes up 3.5% of Garnet Equity Capital Holdings Inc.’s portfolio, making the stock its 2nd biggest position. Garnet Equity Capital Holdings Inc. owned 5.03% of Groupon worth $24,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. raised its position in Groupon by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock worth $10,399,000 after buying an additional 54,600 shares during the last quarter. Geode Capital Management LLC increased its position in Groupon by 0.3% during the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock valued at $5,542,000 after acquiring an additional 1,498 shares during the last quarter. Northern Trust Corp increased its position in shares of Groupon by 3.3% during the 4th quarter. Northern Trust Corp now owns 232,550 shares of the coupon company’s stock valued at $2,825,000 after purchasing an additional 7,341 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Groupon by 0.7% during 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 buying an additional 1,449 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Groupon in the fourth quarter worth about $2,178,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Stock Performance

Shares of GRPN stock opened at $18.10 on Tuesday. Groupon, Inc. has a 52-week low of $7.75 and a 52-week high of $20.22. The company’s 50 day moving average is $15.90 and its 200 day moving average is $12.68. The firm has a market cap of $720.58 million, a price-to-earnings ratio of 35.49 and a beta of 0.93. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GRPN shares. Ascendiant Capital Markets raised their price target on Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a report on Monday, March 17th. The Goldman Sachs Group boosted their target price on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Groupon presently has an average rating of “Moderate Buy” and a consensus target price of $17.75.

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.