Insider Buying: Groupon, Inc. (NASDAQ:GRPN) CEO Acquires 137,946 Shares of Stock

Groupon, Inc. (NASDAQ:GRPN) CEO Dusan Senkypl acquired 137,946 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average price of $9.74 per share, for a total transaction of $1,343,594.04. Following the completion of the purchase, the chief executive officer now owns 7,040,310 shares of the company’s stock, valued at approximately $68,572,619.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Dusan Senkypl also recently made the following trade(s):

• On Friday, November 17th, Dusan Senkypl acquired 24,803 shares of Groupon stock. The shares were acquired at an average price of $9.50 per share, for a total transaction of $235,628.50.

Groupon Stock Performance

GRPN traded up $0.19 during trading on Monday, hitting $9.72. The stock had a trading volume of 1,079,061 shares, compared to its average volume of 1,299,503. The company has a market capitalization of $309.58 million, a PE ratio of -2.16 and a beta of 1.60. Groupon, Inc. has a twelve month low of $2.89 and a twelve month high of $16.25. The stock has a 50 day simple moving average of $12.34 and a two-hundred day simple moving average of $8.96.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GRPN shares. Roth Mkm started coverage on shares of Groupon in a research note on Thursday, October 12th. They set a “buy” rating and a $30.00 price objective on the stock. The Goldman Sachs Group increased their price objective on shares of Groupon from $4.00 to $5.00 and gave the company a “sell” rating in a research note on Tuesday, November 14th. Credit Suisse Group increased their price objective on shares of Groupon from $3.40 to $8.00 and gave the company a “neutral” rating in a research note on Friday, August 11th. StockNews.com upgraded shares of Groupon from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Barclays raised their target price on shares of Groupon from $4.00 to $6.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Groupon presently has an average rating of “Hold” and a consensus price target of $12.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GRPN. Swiss National Bank raised its holdings in shares of Groupon by 7.6% in the first quarter. Swiss National Bank now owns 59,478 shares of the coupon company’s stock worth $1,144,000 after buying an additional 4,200 shares during the last quarter. Raymond James & Associates purchased a new position in shares of Groupon in the first quarter worth $273,000. Bank of Montreal Can purchased a new position in shares of Groupon in the first quarter worth $414,000. MetLife Investment Management LLC raised its holdings in shares of Groupon by 45.7% in the first quarter. MetLife Investment Management LLC now owns 14,560 shares of the coupon company’s stock worth $280,000 after buying an additional 4,568 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Groupon in the first quarter worth $6,673,000. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Groupon Company 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; and first-party goods inventory. It serves customers through its mobile applications and websites.