Hsbc Holdings PLC Has $731,000 Position in Groupon, Inc. $GRPN

Hsbc Holdings PLC lifted its holdings in Groupon, Inc. (NASDAQ:GRPN) by 125.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,501 shares of the coupon company’s stock after purchasing an additional 23,072 shares during the period. Hsbc Holdings PLC owned 0.10% of Groupon worth $731,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GRPN. Caitong International Asset Management Co. Ltd bought a new stake in Groupon during the 3rd quarter valued at approximately $32,000. Johnson Financial Group Inc. bought a new position in Groupon in the 4th quarter worth approximately $35,000. Quarry LP increased its position in Groupon by 48.1% in the 3rd quarter. Quarry LP now owns 1,938 shares of the coupon company’s stock worth $45,000 after buying an additional 629 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Groupon during the second quarter worth approximately $69,000. Finally, National Bank of Canada FI lifted its holdings in shares of Groupon by 172,400.0% during the third quarter. National Bank of Canada FI now owns 3,450 shares of the coupon company’s stock worth $81,000 after buying an additional 3,448 shares during the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Groupon Stock Performance

NASDAQ:GRPN opened at $25.60 on Wednesday. The company has a 50-day moving average of $19.74 and a 200-day moving average of $15.82. The company has a market capitalization of $972.29 million, a price-to-earnings ratio of -9.81 and a beta of 0.23. Groupon, Inc. has a 52 week low of $9.17 and a 52 week high of $43.08.

Groupon (NASDAQ:GRPN) last issued its earnings results on Thursday, May 7th. The coupon company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.30). The firm had revenue of $117.20 million for the quarter, compared to analyst estimates of $117.65 million. Sell-side analysts forecast that Groupon, Inc. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GRPN shares. Weiss Ratings restated a “sell (d-)” rating on shares of Groupon in a research note on Tuesday, June 9th. Citigroup reiterated an “outperform” rating on shares of Groupon in a research note on Tuesday, June 9th. Wall Street Zen downgraded shares of Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Northland Securities set a $26.00 price target on shares of Groupon in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group restated a “sell” rating and issued a $13.00 price target (up from $10.00) on shares of Groupon in a research report on Tuesday, May 12th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $19.50.

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.