BlackRock Inc. increased its position in shares of Groupon Inc (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,525,983 shares of the coupon company’s stock after acquiring an additional 899,030 shares during the period. BlackRock Inc. owned about 5.35% of Groupon worth $97,683,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Groupon by 8.0% during the 3rd quarter. Vanguard Group Inc. now owns 39,015,392 shares of the coupon company’s stock worth $147,088,000 after acquiring an additional 2,895,875 shares during the last quarter. Vanguard Group Inc grew its position in Groupon by 8.0% during the 3rd quarter. Vanguard Group Inc now owns 39,015,392 shares of the coupon company’s stock worth $147,088,000 after acquiring an additional 2,895,875 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Groupon by 19.5% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 11,461,128 shares of the coupon company’s stock worth $43,208,000 after buying an additional 1,871,669 shares during the period. Pictet Asset Management Ltd. lifted its holdings in Groupon by 14.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 10,241,250 shares of the coupon company’s stock worth $38,610,000 after buying an additional 1,320,345 shares during the period. Finally, Sessa Capital IM L.P. lifted its holdings in Groupon by 728.1% during the 3rd quarter. Sessa Capital IM L.P. now owns 8,281,410 shares of the coupon company’s stock worth $31,221,000 after buying an additional 7,281,410 shares during the period. Institutional investors and hedge funds own 69.48% of the company’s stock.

Several research analysts have commented on the company. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. ValuEngine raised Groupon from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Zacks Investment Research raised Groupon from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Goldman Sachs Group assumed coverage on Groupon in a report on Monday, February 4th. They set a “neutral” rating and a $3.50 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Groupon currently has an average rating of “Hold” and an average price target of $4.56.

Shares of GRPN opened at $3.48 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 38.67, a P/E/G ratio of 16.29 and a beta of 1.46. Groupon Inc has a 12 month low of $2.80 and a 12 month high of $5.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.04 and a current ratio of 1.04.

Groupon (NASDAQ:GRPN) last announced its earnings results on Tuesday, February 12th. The coupon company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The company had revenue of $799.93 million for the quarter, compared to analyst estimates of $782.54 million. Groupon had a positive return on equity of 17.33% and a negative net margin of 0.42%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, equities research analysts forecast that Groupon Inc will post 0.07 EPS for the current year.

In other news, Director Eric P. Lefkofsky sold 3,000,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $3.33, for a total value of $9,990,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.90% of the stock is owned by insiders.

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Groupon Profile

Groupon, Inc operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount in North America and internationally. The company provides deals in various categories, including events and activities, beauty and spa, health and fitness, food and drink, home and garden, and automotive; and deals on various product lines, such as electronics, sporting goods, jewelry, toys, household items, and apparel, as well as discounted and market rates for hotel, airfare, and package deals.

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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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