50,986 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Capula Management Ltd

Capula Management Ltd acquired a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 50,986 shares of the company's stock, valued at approximately $1,121,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock valued at $24,182,000 after acquiring an additional 506,622 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after purchasing an additional 41,384 shares during the last quarter. Elevate Capital Advisors LLC purchased a new stake in shares of Coupang during the fourth quarter valued at $2,618,000. New York Life Investment Management LLC bought a new position in shares of Coupang in the fourth quarter worth about $349,000. Finally, Ninety One UK Ltd purchased a new position in Coupang in the 4th quarter worth about $46,388,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Up 3.2 %

NYSE CPNG traded up $0.68 during midday trading on Friday, hitting $21.68. 7,582,940 shares of the company traded hands, compared to its average volume of 8,227,215. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.91. The company's 50-day simple moving average is $23.10 and its 200-day simple moving average is $23.68. The company has a market cap of $39.13 billion, a PE ratio of 38.03, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

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Insider Activity at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CPNG has been the subject of several research reports. Citigroup lowered their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. Barclays set a $35.00 price objective on Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Mizuho upped their target price on Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Coupang currently has an average rating of "Moderate Buy" and an average price target of $29.17.

Coupang 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.