Intech Investment Management LLC Takes $134,000 Position in Groupon, Inc. (NASDAQ:GRPN)

Intech Investment Management LLC bought a new stake in shares of Groupon, Inc. (NASDAQ:GRPN) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 11,007 shares of the coupon company’s stock, valued at approximately $134,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Hennessy Advisors Inc. raised its stake in shares of Groupon by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 855,900 shares of the coupon company’s stock valued at $10,399,000 after purchasing an additional 54,600 shares during the period. State Street Corp grew its holdings in Groupon by 19.2% during the 3rd quarter. State Street Corp now owns 710,942 shares of the coupon company’s stock valued at $6,953,000 after purchasing an additional 114,400 shares in the last quarter. Geode Capital Management LLC increased its stake in Groupon by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 566,612 shares of the coupon company’s stock worth $5,542,000 after buying an additional 1,498 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Groupon by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 200,436 shares of the coupon company’s stock worth $2,435,000 after buying an additional 1,449 shares in the last quarter. Finally, Prentice Capital Management LP boosted its position in Groupon by 17.7% in the 3rd 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 owned by institutional investors and hedge funds.

Groupon Stock Performance

Shares of GRPN stock opened at $18.83 on Friday. 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 $749.64 million, a price-to-earnings ratio of 36.92 and a beta of 1.41. Groupon, Inc. has a one year low of $7.75 and a one year high of $18.97. The company’s 50-day simple moving average is $12.56 and its 200-day simple moving average is $11.37.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GRPN. Ascendiant Capital Markets lifted their target price on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, March 17th. The Goldman Sachs Group upped their target price on 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.