Jacobs Levy Equity Management Inc. Has $184,000 Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Jacobs Levy Equity Management Inc. reduced its holdings in Groupon, Inc. (NASDAQ:GRPN) by 14.6% in the 4th quarter, HoldingsChannel reports. The fund owned 15,162 shares of the coupon company’s stock after selling 2,592 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Groupon were worth $184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Groupon in the 4th quarter valued at approximately $26,000. Picton Mahoney Asset Management boosted its stake in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock valued at $30,000 after purchasing an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Groupon in the 4th quarter valued at $41,000. Amundi boosted its stake in shares of Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after purchasing an additional 1,006 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Groupon by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock valued at $128,000 after purchasing an additional 78,423 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on GRPN shares. Ascendiant Capital Markets upped their price objective on shares of Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, March 17th. Roth Mkm upped their price objective on shares of Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. Finally, The Goldman Sachs Group upped their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.75.

Groupon Stock Down 0.2%

Shares of NASDAQ GRPN opened at $26.00 on Monday. The firm has a market cap of $1.04 billion, a PE ratio of 50.98 and a beta of 0.83. Groupon, Inc. has a 12-month low of $7.75 and a 12-month high of $26.90. The company’s fifty day simple moving average is $18.84 and its 200 day simple moving average is $13.78. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 5.66.

Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.38. The business had revenue of $117.19 million for the quarter, compared to analyst estimates of $115.51 million. Groupon had a net margin of 3.87% and a return on equity of 91.94%. As a group, sell-side analysts forecast that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Groupon Company 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.