Groupon, Inc. (NASDAQ:GRPN) Shares Sold by Garnet Equity Capital Holdings Inc.

Garnet Equity Capital Holdings Inc. reduced its stake in shares of Groupon, Inc. (NASDAQ:GRPN) by 30.9% in the 4th quarter, Holdings Channel reports. The fund owned 1,999,812 shares of the coupon company’s stock after selling 896,164 shares during the period. Groupon makes up 3.5% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 2nd largest position. Garnet Equity Capital Holdings Inc. owned 0.05% of Groupon worth $24,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GRPN. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Groupon in the 4th quarter worth about $2,178,000. Susquehanna Fundamental Investments LLC acquired a new position in Groupon during the fourth quarter worth about $1,192,000. JPMorgan Chase & Co. lifted its stake in Groupon by 115.6% in the 4th quarter. JPMorgan Chase & Co. now owns 10,559 shares of the coupon company’s stock worth $128,000 after purchasing an additional 78,423 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in shares of Groupon in the fourth quarter valued at approximately $732,000. Finally, Hennessy Advisors Inc. lifted 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 buying an additional 54,600 shares in the last quarter. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Stock Performance

Shares of GRPN opened at $18.10 on Tuesday. The stock has a market capitalization of $720.58 million, a P/E ratio of 35.49 and a beta of 0.93. The company’s fifty day moving average is $15.90 and its two-hundred day moving average is $12.68. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.93 and a current ratio of 0.93. Groupon, Inc. has a 1 year low of $7.75 and a 1 year high of $20.22.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GRPN shares. Ascendiant Capital Markets lifted their price target on Groupon from $14.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, March 17th. The Goldman Sachs Group upped 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 research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Groupon currently has an average rating of “Moderate Buy” and a consensus price target of $17.75.

Groupon 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.