Picton Mahoney Asset Management Grows Position in Groupon, Inc. (NASDAQ:GRPN)

Picton Mahoney Asset Management raised its position in shares of Groupon, Inc. (NASDAQ:GRPN) by 68.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,446 shares of the coupon company’s stock after buying an additional 992 shares during the quarter. Picton Mahoney Asset Management’s holdings in Groupon were worth $30,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System bought a new stake in shares of Groupon in the 4th quarter valued at approximately $26,000. Amundi lifted its stake in shares of Groupon by 35.5% in the 4th quarter. Amundi now owns 3,838 shares of the coupon company’s stock valued at $47,000 after purchasing an additional 1,006 shares during the last quarter. FMR LLC lifted its stake in shares of Groupon by 112.5% in the 3rd quarter. FMR LLC now owns 5,456 shares of the coupon company’s stock valued at $53,000 after purchasing an additional 2,888 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of Groupon in the 4th quarter valued at approximately $137,000. Finally, MetLife Investment Management LLC lifted its stake in shares of Groupon by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 13,340 shares of the coupon company’s stock valued at $130,000 after purchasing an additional 7,516 shares during the last quarter. 90.05% of the stock is owned by institutional investors.

Groupon Price Performance

Shares of GRPN stock opened at $15.98 on Tuesday. Groupon, Inc. has a 52-week low of $7.75 and a 52-week 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 firm has a market capitalization of $636.18 million, a P/E ratio of 31.33 and a beta of 1.41. The stock has a 50 day moving average price of $11.64 and a 200 day moving average price of $11.08.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on Groupon from $8.00 to $9.00 and gave the company a “sell” rating in a research note on Friday. Ascendiant Capital Markets raised their price objective on Groupon from $14.00 to $19.00 and gave the company a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.