Banco BTG Pactual S.A. Purchases New Stake in Coupang, Inc. (NYSE:CPNG)

Banco BTG Pactual S.A. bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,976 shares of the company's stock, valued at approximately $401,000.

Several other large investors have also added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in shares of Coupang during the 3rd quarter worth about $250,000. Charles Schwab Investment Management Inc. raised its holdings in Coupang by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company's stock worth $18,640,000 after acquiring an additional 138,416 shares in the last quarter. Cerity Partners LLC acquired a new position in Coupang during the third quarter valued at approximately $490,000. Bank of Hawaii bought a new position in Coupang in the third quarter valued at approximately $598,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Coupang during the 3rd quarter worth approximately $760,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Coupang Stock Performance

Shares of NYSE CPNG traded down $1.21 during mid-day trading on Friday, reaching $22.32. 7,408,783 shares of the company were exchanged, compared to its average volume of 8,448,424. Coupang, Inc. has a twelve month low of $17.67 and a twelve month high of $26.91. The stock has a market capitalization of $40.29 billion, a P/E ratio of 39.15, a P/E/G ratio of 52.20 and a beta of 1.10. The company's 50-day simple moving average is $23.52 and its 200-day simple moving average is $23.95. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

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Insiders Place Their Bets

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value 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. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 259,234 shares of company stock worth $6,069,015 over the last three months. Insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays set a $35.00 price objective on Coupang and gave the company an "overweight" rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Mizuho boosted their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, Citigroup cut their target price on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One 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, the stock currently has an average rating of "Moderate Buy" and an average target price 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.