Wealthfront Advisers LLC bought a new position in shares of Groupon, Inc. (NASDAQ:GRPN – Free Report) in the fourth quarter, HoldingsChannel reports. The fund bought 11,278 shares of the coupon company’s stock, valued at approximately $137,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System acquired a new position in Groupon in the fourth quarter valued at $26,000. Amundi boosted its stake in Groupon by 35.5% in the fourth quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after acquiring an additional 1,006 shares in the last quarter. FMR LLC boosted its stake in Groupon by 112.5% in the third quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after acquiring an additional 2,888 shares in the last quarter. MetLife Investment Management LLC boosted its stake in Groupon by 129.1% in the third 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 in the last quarter. Finally, Entropy Technologies LP acquired a new position in Groupon in the third quarter valued at $145,000. Institutional investors and hedge funds own 90.05% of the company’s stock.
Groupon Price Performance
Shares of NASDAQ:GRPN opened at $15.98 on Tuesday. The company has a 50-day simple moving average of $11.64 and a 200-day simple moving average of $11.08. Groupon, Inc. has a one year low of $7.75 and a one year high of $18.47. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $636.18 million, a price-to-earnings ratio of 31.33 and a beta of 1.41.
Wall Street Analysts Forecast Growth
View Our Latest 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.
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