Penserra Capital Management LLC bought a new stake in shares of Groupon Inc (NASDAQ:GRPN) during the fourth quarter, HoldingsChannel.com reports. The fund bought 967,260 shares of the coupon company’s stock, valued at approximately $4,933,000.

Several other large investors have also made changes to their positions in GRPN. Prudential Financial Inc. lifted its position 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 valued at $122,000 after buying an additional 19,408 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Groupon by 45.3% during the 2nd quarter. Principal Financial Group Inc. now owns 47,264 shares of the coupon company’s stock valued at $181,000 after buying an additional 14,735 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Groupon by 23.7% during the 2nd quarter. Wells Fargo & Company MN now owns 631,926 shares of the coupon company’s stock valued at $2,427,000 after buying an additional 121,129 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Groupon by 306.9% during the 2nd quarter. Alliancebernstein L.P. now owns 430,030 shares of the coupon company’s stock valued at $1,651,000 after buying an additional 324,356 shares in the last quarter. Finally, Nationwide Fund Advisors purchased a new position in shares of Groupon during the 2nd quarter valued at approximately $1,093,000. Hedge funds and other institutional investors own 59.81% of the company’s stock.

In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $5.77, for a total value of $8,655,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brian Stevens sold 20,000 shares of the firm’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares in the company, valued at approximately $1,269,641.34. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.

GRPN has been the topic of a number of recent analyst reports. Vetr upgraded Groupon from a “hold” rating to a “buy” rating and set a $6.09 target price on the stock in a research report on Monday, December 4th. B. Riley increased their target price on Groupon from $5.50 to $6.30 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 target price on the stock in a research report on Monday, November 6th. Morgan Stanley increased their target price on Groupon from $3.40 to $3.60 and gave the company an “underweight” rating in a research report on Thursday, November 2nd. Finally, Barclays increased their target price on Groupon from $3.85 to $4.40 and gave the company an “underweight” rating in a research report on Thursday, November 2nd. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $5.06.

Groupon Inc (NASDAQ:GRPN) opened at $5.14 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $2,803.18, a price-to-earnings ratio of -34.26, a price-to-earnings-growth ratio of 26.42 and a beta of 1.47. Groupon Inc has a fifty-two week low of $2.90 and a fifty-two week high of $5.99.

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About Groupon

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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Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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