Hsbc Holdings PLC Buys 23,072 Shares of Groupon, Inc. $GRPN

Hsbc Holdings PLC boosted its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 125.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,501 shares of the coupon company’s stock after acquiring an additional 23,072 shares during the quarter. Hsbc Holdings PLC’s holdings in Groupon were worth $731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GRPN. AQR Capital Management LLC bought a new position in shares of Groupon during the first quarter valued at $224,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Groupon by 31.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,606 shares of the coupon company’s stock worth $837,000 after purchasing an additional 10,588 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Groupon by 1,098.1% in the 2nd quarter. Legal & General Group Plc now owns 26,658 shares of the coupon company’s stock worth $892,000 after purchasing an additional 24,433 shares during the last quarter. Rhumbline Advisers increased its position in shares of Groupon by 9.6% during the 2nd quarter. Rhumbline Advisers now owns 36,632 shares of the coupon company’s stock worth $1,225,000 after purchasing an additional 3,219 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Groupon by 47.6% during the 2nd quarter. American Century Companies Inc. now owns 47,073 shares of the coupon company’s stock worth $1,575,000 after purchasing an additional 15,177 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Groupon Stock Up 8.8%

Groupon stock opened at $25.60 on Wednesday. The stock has a 50-day simple moving average of $19.74 and a 200 day simple moving average of $15.82. The stock 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 12-month low of $9.17 and a 12-month high of $43.08.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Thursday, May 7th. The coupon company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.30). The business had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $117.65 million. As a group, sell-side analysts anticipate that Groupon, Inc. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Groupon in a research report on Tuesday, June 9th. The Goldman Sachs Group reaffirmed a “sell” rating and set a $13.00 price objective (up from $10.00) on shares of Groupon in a report on Tuesday, May 12th. Northland Securities set a $26.00 target price on shares of Groupon in a research note on Wednesday, May 27th. Wall Street Zen downgraded Groupon from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Citigroup reissued an “outperform” rating on shares of Groupon in a report on Tuesday, June 9th. Two 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.50.

Groupon 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.