Mirae Asset Global Investments Co. Ltd. Has $536,000 Holdings in Groupon, Inc. (NASDAQ:GRPN)

Mirae Asset Global Investments Co. Ltd. grew its stake in Groupon, Inc. (NASDAQ:GRPN) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,723 shares of the coupon company’s stock after buying an additional 2,355 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.13% of Groupon worth $536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Groupon by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,122,050 shares of the coupon company’s stock worth $17,190,000 after purchasing an additional 26,661 shares during the last quarter. Invesco Ltd. boosted its holdings in Groupon by 158.8% during the third quarter. Invesco Ltd. now owns 513,075 shares of the coupon company’s stock worth $7,860,000 after purchasing an additional 314,812 shares during the last quarter. EAM Investors LLC acquired a new position in Groupon during the third quarter worth $2,741,000. Barclays PLC boosted its holdings in Groupon by 186.5% during the third quarter. Barclays PLC now owns 168,999 shares of the coupon company’s stock worth $2,589,000 after purchasing an additional 110,003 shares during the last quarter. Finally, Lynwood Capital Management Inc. acquired a new position in Groupon during the third quarter worth $460,000. Institutional investors and hedge funds own 90.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on GRPN shares. StockNews.com upgraded shares of Groupon from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price target on shares of Groupon in a research report on Tuesday, April 16th. Finally, The Goldman Sachs Group upped their price target on shares of Groupon from $5.00 to $7.50 and gave the stock a “sell” rating in a research report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.38.

Groupon Stock Performance

NASDAQ:GRPN opened at $11.47 on Friday. Groupon, Inc. has a 52 week low of $2.89 and a 52 week high of $19.56. The firm has a market cap of $446.99 million, a price-to-earnings ratio of -6.01 and a beta of 1.65. The firm’s 50-day simple moving average is $14.58 and its 200 day simple moving average is $13.18.

Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Friday, March 15th. The coupon company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.51. The business had revenue of $137.72 million for the quarter, compared to the consensus estimate of $136.47 million. Sell-side analysts anticipate that Groupon, Inc. will post -0.31 EPS for the current year.

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.