Vanguard Group Inc. Decreases Holdings in Groupon, Inc. (NASDAQ:GRPN)

Vanguard Group Inc. trimmed its position in shares of Groupon, Inc. (NASDAQ:GRPN - Free Report) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,443,928 shares of the coupon company's stock after selling 18,500 shares during the period. Vanguard Group Inc. owned approximately 3.63% of Groupon worth $17,544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of GRPN. New York State Teachers Retirement System bought a new stake in Groupon during the fourth quarter worth approximately $26,000. Picton Mahoney Asset Management boosted its holdings in shares of Groupon by 68.2% in the 4th quarter. Picton Mahoney Asset Management now owns 2,446 shares of the coupon company's stock worth $30,000 after purchasing an additional 992 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Groupon during the 4th quarter valued at approximately $41,000. Amundi raised its holdings in Groupon by 35.5% during the 4th quarter. Amundi now owns 3,838 shares of the coupon company's stock valued at $47,000 after buying an additional 1,006 shares during the period. Finally, FMR LLC boosted its stake in Groupon by 112.5% during the third quarter. FMR LLC now owns 5,456 shares of the coupon company's stock worth $53,000 after buying an additional 2,888 shares during the period. 90.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GRPN has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Groupon from $8.00 to $9.00 and gave the company a "sell" rating in a research note on Friday, March 14th. Ascendiant Capital Markets lifted their target price on Groupon from $14.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.75.

Groupon Stock Down 1.8 %

Shares of GRPN traded down $0.33 during midday trading on Tuesday, reaching $18.45. 1,551,171 shares of the stock were exchanged, compared to its average volume of 1,360,955. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 5.66. The company's 50 day moving average is $15.42 and its two-hundred day moving average is $12.43. The company has a market capitalization of $734.51 million, a P/E ratio of 36.18 and a beta of 0.93. Groupon, Inc. has a 52 week low of $7.75 and a 52 week high of $19.85.

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.