Wells Fargo & Company MN Buys 3,342 Shares of Groupon, Inc. (NASDAQ:GRPN)

Wells Fargo & Company MN increased its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 36.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,519 shares of the coupon company’s stock after acquiring an additional 3,342 shares during the period. Wells Fargo & Company MN’s holdings in Groupon were worth $152,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of GRPN. New York State Teachers Retirement System acquired a new position in Groupon during the fourth quarter worth $26,000. Picton Mahoney Asset Management lifted its holdings in Groupon by 68.2% during 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 acquired a new position in Groupon in the fourth quarter valued at about $41,000. Amundi grew its stake in Groupon by 35.5% during the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after buying an additional 1,006 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Groupon by 115.6% during the fourth quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock worth $128,000 after buying an additional 78,423 shares in the last quarter. Institutional investors and hedge funds own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on GRPN. The Goldman Sachs Group boosted their target price on Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a report on Friday, March 14th. Ascendiant Capital Markets boosted their price objective on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, March 17th. Finally, Roth Mkm raised their target price on Groupon from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Groupon currently has an average rating of “Moderate Buy” and an average price target of $17.25.

Groupon Stock Performance

GRPN stock opened at $24.96 on Friday. The stock has a market capitalization of $993.21 million, a PE ratio of 48.94 and a beta of 0.83. The company has a debt-to-equity ratio of 5.66, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50 day moving average price of $17.27 and a 200 day moving average price of $13.19. Groupon, Inc. has a fifty-two week low of $7.75 and a fifty-two week high of $25.35.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, May 7th. The coupon company reported $0.18 earnings per share (EPS) for the quarter, beating 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 return on equity of 91.94% and a net margin of 3.87%. Analysts forecast that Groupon, Inc. will post -0.31 EPS for the current 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.