Blueshift Asset Management LLC Makes New $732,000 Investment in Groupon, Inc. (NASDAQ:GRPN)

Blueshift Asset Management LLC acquired a new position in shares of Groupon, Inc. (NASDAQ:GRPN) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 60,228 shares of the coupon company’s stock, valued at approximately $732,000. Blueshift Asset Management LLC owned 0.15% of Groupon as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. raised its position in Groupon by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock worth $10,399,000 after acquiring an additional 54,600 shares during the period. State Street Corp raised its position in shares of Groupon by 19.2% in the third quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after buying an additional 114,400 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Groupon by 0.3% in the third quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock valued at $5,542,000 after buying an additional 1,498 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Groupon by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock valued at $2,435,000 after buying an additional 1,449 shares during the last quarter. Finally, Prentice Capital Management LP raised its position in shares of Groupon by 17.7% in the third quarter. Prentice Capital Management LP now owns 199,751 shares of the coupon company’s stock valued at $1,954,000 after buying an additional 30,106 shares during the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Groupon Trading Up 5.4 %

Shares of GRPN opened at $16.79 on Thursday. 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 $18.47. The firm has a 50-day moving average price of $11.79 and a 200 day moving average price of $11.14. The firm has a market capitalization of $668.43 million, a P/E ratio of 32.92 and a beta of 1.41.

Analyst Ratings Changes

GRPN has been the subject of a number of recent research reports. Ascendiant Capital Markets increased their target price on shares of Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research report on Monday. The Goldman Sachs Group increased their target price on shares of Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research report on Friday, March 14th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.75.

About Groupon

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.