11,278 Shares in Groupon, Inc. (NASDAQ:GRPN) Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC bought a new position in shares of Groupon, Inc. (NASDAQ:GRPN) 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

GRPN has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday. Ascendiant Capital Markets upped their price objective on shares of Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

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.