Aquatic Capital Management LLC Acquires 541,768 Shares of Coupang, Inc. (NYSE:CPNG)

Aquatic Capital Management LLC increased its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 3,009.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 559,768 shares of the company's stock after acquiring an additional 541,768 shares during the period. Aquatic Capital Management LLC's holdings in Coupang were worth $12,304,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. bought a new stake in shares of Coupang in the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in shares of Coupang in the fourth quarter worth $31,000. Allworth Financial LP grew its holdings in shares of Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after acquiring an additional 1,986 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Coupang by 142.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after acquiring an additional 1,429 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after acquiring an additional 822 shares during the period. Institutional investors own 83.72% of the company's stock.

Coupang Price Performance

Shares of CPNG stock traded up $0.13 during trading hours on Tuesday, hitting $23.55. The stock had a trading volume of 4,194,658 shares, compared to its average volume of 7,780,034. Coupang, Inc. has a one year low of $18.16 and a one year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The stock's 50-day moving average price is $22.57 and its two-hundred day moving average price is $23.45. The stock has a market capitalization of $42.52 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 52.20 and a beta of 1.09.

Insider Transactions at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

Wall Street Analysts Forecast Growth

CPNG has been the topic of several analyst reports. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. Barclays set a $35.00 target price on Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Coupang has an average rating of "Moderate Buy" and an average price target of $29.17.

Coupang Company Profile

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.