Groupon, Inc. (NASDAQ:GRPN – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,031,712 shares were traded during trading, a decline of 7% from the previous session’s volume of 1,114,166 shares.The stock last traded at $13.98 and had previously closed at $13.98.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group increased their target price on shares of Groupon from $8.00 to $9.00 and gave the stock a “sell” rating in a research note on Friday. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.33.
Read Our Latest Report on Groupon
Groupon Stock Down 0.1 %
Hedge Funds Weigh In On Groupon
A number of institutional investors have recently made changes to their positions in GRPN. New York State Teachers Retirement System bought a new position in shares of Groupon in the 4th quarter worth $26,000. Picton Mahoney Asset Management increased its holdings in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company’s stock worth $30,000 after buying an additional 992 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Groupon in the 4th quarter worth $41,000. Amundi increased its holdings in shares of Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock worth $47,000 after buying an additional 1,006 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock worth $53,000 after buying an additional 2,888 shares during the last quarter. Institutional investors own 90.05% of the company’s stock.
Groupon Company 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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