Wells Fargo & Company MN Has $7.81 Million Holdings in Groupon Inc (GRPN)

Wells Fargo & Company MN raised its position in shares of Groupon Inc (NASDAQ:GRPN) by 228.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,530,843 shares of the coupon company’s stock after purchasing an additional 1,064,319 shares during the period. Wells Fargo & Company MN owned 0.27% of Groupon worth $7,807,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH raised its position in shares of Groupon by 28.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 8,925,535 shares of the coupon company’s stock worth $46,413,000 after buying an additional 1,989,085 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Groupon during the 3rd quarter worth about $16,741,000. Schwab Charles Investment Management Inc. raised its position in shares of Groupon by 11.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,164,262 shares of the coupon company’s stock worth $11,038,000 after buying an additional 216,603 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Groupon by 141.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,728,739 shares of the coupon company’s stock worth $8,988,000 after buying an additional 1,013,596 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Groupon during the 3rd quarter worth about $8,924,000. 63.58% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Brian Stevens sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the sale, the chief accounting officer now owns 232,751 shares in the company, valued at $1,072,982.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total transaction of $6,900,000.00. The disclosure for this sale can be found here. 23.40% of the stock is owned by insiders.

A number of analysts have commented on GRPN shares. Goldman Sachs upgraded shares of Groupon from a “sell” rating to a “neutral” rating and set a $5.40 price target on the stock in a research report on Wednesday, January 17th. Vetr upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price target on the stock in a research report on Tuesday, December 12th. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of Groupon from a “hold” rating to a “sell” rating in a report on Monday, February 12th. Finally, Morgan Stanley reiterated a “sell” rating and issued a $4.30 target price on shares of Groupon in a report on Thursday, February 15th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $5.06.

Shares of Groupon stock opened at $4.30 on Friday. Groupon Inc has a 1-year low of $2.90 and a 1-year high of $5.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, February 14th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). Groupon had a net margin of 0.49% and a return on equity of 0.22%. The firm had revenue of $873.17 million for the quarter, compared to analyst estimates of $853.13 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. equities research analysts expect that Groupon Inc will post 0.03 earnings per share for the current year.

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About Groupon

Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).

Institutional Ownership by Quarter for Groupon (NASDAQ:GRPN)

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