Larson Financial Group LLC lowered its stake in shares of Groupon, Inc. (NASDAQ:GRPN – Free Report) by 11.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 16,996 shares of the coupon company’s stock after selling 2,284 shares during the period. Larson Financial Group LLC’s holdings in Groupon were worth $218,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Groupon in the 4th quarter valued at $25,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Groupon by 6.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 41,723 shares of the coupon company’s stock valued at $536,000 after acquiring an additional 2,355 shares during the period. SG Americas Securities LLC acquired a new stake in Groupon during the 4th quarter valued at $113,000. Citigroup Inc. grew its holdings in Groupon by 2,630.5% during the 3rd quarter. Citigroup Inc. now owns 14,881 shares of the coupon company’s stock valued at $228,000 after purchasing an additional 14,336 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its stake in Groupon by 96.6% during the 3rd quarter. Mizuho Markets Americas LLC now owns 30,000 shares of the coupon company’s stock worth $460,000 after buying an additional 14,743 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.
Groupon Stock Up 0.6 %
Shares of NASDAQ:GRPN opened at $10.60 on Thursday. Groupon, Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $19.56. The firm has a 50-day simple moving average of $14.70 and a 200 day simple moving average of $13.20.
Analyst Ratings Changes
Several equities research analysts recently issued reports on GRPN shares. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price target on shares of Groupon in a research note on Tuesday, April 16th. The Goldman Sachs Group lifted their price target on shares of Groupon from $5.00 to $7.50 and gave the stock a “sell” rating in a research note on Friday, January 19th. Finally, StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.38.
View Our Latest Stock Report on GRPN
Groupon 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.
Recommended Stories
- Five stocks we like better than Groupon
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Nucor Stock Earnings Riding the Steel Industry Wave
- What is the Nikkei 225 index?
- Simpson Manufacturing: Buy This Future Dividend King While Down
- Trading Stocks: RSI and Why it’s Useful
- Is Boeing Stock About to Soar Higher?
Want to see what other hedge funds are holding GRPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Groupon, Inc. (NASDAQ:GRPN – Free Report).
Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.