Mirae Asset Global Investments Co. Ltd. Grows Stock Position in Groupon, Inc. (NASDAQ:GRPN)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Groupon, Inc. (NASDAQ:GRPN) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,723 shares of the coupon company’s stock after acquiring an additional 2,355 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Groupon were worth $536,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in GRPN. SG Americas Securities LLC bought a new position in shares of Groupon in the fourth quarter worth $113,000. Raymond James & Associates purchased a new stake in Groupon in the 4th quarter worth approximately $202,000. Citigroup Inc. boosted its holdings in Groupon by 2,630.5% in the 3rd quarter. Citigroup Inc. now owns 14,881 shares of the coupon company’s stock valued at $228,000 after purchasing an additional 14,336 shares during the period. Kamunting Street Capital Management L.P. purchased a new position in shares of Groupon during the 3rd quarter valued at $230,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Groupon in the third quarter worth $390,000. 90.05% of the stock is owned by institutional investors.

Groupon Price Performance

GRPN opened at $11.47 on Friday. The business has a 50 day simple moving average of $14.58 and a two-hundred day simple moving average of $13.18. Groupon, Inc. has a one year low of $2.89 and a one year high of $19.56. The firm has a market capitalization of $446.99 million, a price-to-earnings ratio of -6.01 and a beta of 1.65.

Groupon (NASDAQ:GRPN) last announced its earnings results on Friday, March 15th. The coupon company reported $0.29 EPS for the quarter, beating 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. As a group, sell-side analysts expect that Groupon, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Ratings Changes

GRPN has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on Groupon from $5.00 to $7.50 and gave the stock a “sell” rating in a research report on Friday, January 19th. Roth Mkm reaffirmed a “buy” rating and issued a $28.00 target price on shares of Groupon in a research note on Tuesday, April 16th. Finally, StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.38.

About Groupon

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.