New York State Teachers Retirement System Buys New Shares in Groupon, Inc. (NASDAQ:GRPN)

New York State Teachers Retirement System bought a new position in Groupon, Inc. (NASDAQ:GRPN) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,114 shares of the coupon company’s stock, valued at approximately $26,000.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after buying an additional 2,888 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Groupon by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after acquiring an additional 7,516 shares during the period. Entropy Technologies LP purchased a new stake in Groupon during the 3rd quarter valued at about $145,000. Jacobs Levy Equity Management Inc. bought a new position in Groupon during the 3rd quarter worth approximately $174,000. Finally, Marathon Trading Investment Management LLC purchased a new position in Groupon in the 3rd quarter worth approximately $195,000. 90.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on GRPN shares. The Goldman Sachs Group cut their target price on shares of Groupon from $11.00 to $8.00 and set a “sell” rating on the stock in a report on Thursday, November 14th. Northland Securities cut their price target on shares of Groupon from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Groupon currently has an average rating of “Moderate Buy” and a consensus target price of $17.00.

Groupon Trading Down 3.6 %

NASDAQ:GRPN opened at $11.93 on Tuesday. The company has a 50-day moving average price of $11.60 and a 200-day moving average price of $11.23. The stock has a market cap of $474.43 million, a price-to-earnings ratio of 23.39 and a beta of 1.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. Groupon, Inc. has a 12 month low of $7.75 and a 12 month high of $19.56.

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.