Vanguard Group Inc. Acquires 26,661 Shares of Groupon, Inc. (NASDAQ:GRPN)

Vanguard Group Inc. raised its holdings in shares of Groupon, Inc. (NASDAQ:GRPN) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,122,050 shares of the coupon company’s stock after acquiring an additional 26,661 shares during the quarter. Vanguard Group Inc.’s holdings in Groupon were worth $17,190,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Quarry LP bought a new position in shares of Groupon in the second quarter valued at $30,000. Tower Research Capital LLC TRC grew its stake in shares of Groupon by 634.9% in the second quarter. Tower Research Capital LLC TRC now owns 6,254 shares of the coupon company’s stock valued at $37,000 after buying an additional 5,403 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Groupon in the first quarter valued at $50,000. Quantbot Technologies LP bought a new position in shares of Groupon in the first quarter valued at $55,000. Finally, UBS Group AG grew its stake in shares of Groupon by 56.1% in the first quarter. UBS Group AG now owns 14,316 shares of the coupon company’s stock valued at $60,000 after buying an additional 5,147 shares in the last quarter. 90.05% of the stock is owned by institutional investors.

Groupon Price Performance

Shares of Groupon stock opened at $10.37 on Monday. The business has a fifty day simple moving average of $15.54 and a two-hundred day simple moving average of $13.43. Groupon, Inc. has a 1 year low of $2.89 and a 1 year high of $19.56. The company has a market capitalization of $404.12 million, a price-to-earnings ratio of -5.43 and a beta of 1.65.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Friday, March 15th. The coupon company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.51. The business had revenue of $137.72 million for the quarter, compared to analyst estimates of $136.47 million. As a group, equities analysts anticipate that Groupon, Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on GRPN shares. The Goldman Sachs Group raised their target price on shares of Groupon from $5.00 to $7.50 and gave the company a “sell” rating in a research note on Friday, January 19th. StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Groupon presently has an average rating of “Hold” and a consensus price target of $12.88.

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.