Nationwide Fund Advisors Cuts Stake in Groupon Inc (GRPN)
Nationwide Fund Advisors lessened its position in shares of Groupon Inc (NASDAQ:GRPN) by 28.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 203,258 shares of the coupon company’s stock after selling 81,404 shares during the quarter. Nationwide Fund Advisors’ holdings in Groupon were worth $1,057,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in GRPN. Aperio Group LLC raised its stake in shares of Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Groupon during the 2nd quarter worth $116,000. ProShare Advisors LLC acquired a new position in shares of Groupon during the 2nd quarter worth $122,000. Prudential Financial Inc. raised its stake in shares of Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after buying an additional 19,408 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new position in shares of Groupon during the 2nd quarter worth $127,000. 60.01% of the stock is owned by institutional investors and hedge funds.
Groupon Inc (GRPN) opened at $5.06 on Friday. Groupon Inc has a one year low of $2.90 and a one year high of $5.99. The firm has a market cap of $2,830.00, a PE ratio of -33.73 and a beta of 1.55. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99.
Several research analysts have recently issued reports on GRPN shares. Vetr raised Groupon from a “hold” rating to a “buy” rating and set a $6.09 price target for the company in a research note on Monday, December 4th. B. Riley lifted their price target on Groupon from $5.50 to $6.30 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price target for the company in a research note on Monday, November 6th. Goldman Sachs Group reaffirmed a “sell” rating and set a $4.70 price target on shares of Groupon in a research note on Wednesday, October 11th. Finally, DA Davidson started coverage on Groupon in a research note on Friday, September 22nd. They set a “buy” rating and a $5.00 price target for the company. Six investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $5.02.
In other Groupon news, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the sale, the chief accounting officer now owns 222,354 shares in the company, valued at approximately $1,269,641.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total value of $132,250.00. Following the completion of the sale, the insider now owns 350,919 shares of the company’s stock, valued at approximately $1,856,361.51. The disclosure for this sale can be found here. Insiders sold a total of 1,545,000 shares of company stock valued at $8,901,450 in the last 90 days. 23.40% of the stock is owned by company insiders.
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Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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