CenterBook Partners LP bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 36,466 shares of the company's stock, valued at approximately $802,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in Coupang by 2.2% in the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock valued at $850,000 after buying an additional 747 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Coupang by 14.1% in the third quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company's stock worth $372,000 after acquiring an additional 1,875 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Coupang by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock valued at $144,483,000 after purchasing an additional 29,164 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Coupang by 10.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 15,517 shares of the company's stock valued at $382,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Advisory Resource Group grew its holdings in shares of Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company's stock valued at $1,083,000 after purchasing an additional 823 shares during the last quarter. Institutional investors own 83.72% of the company's stock.
Coupang Trading Down 0.3 %
Coupang stock traded down $0.06 during mid-day trading on Tuesday, hitting $21.48. 6,585,731 shares of the stock were exchanged, compared to its average volume of 8,128,730. The firm's fifty day simple moving average is $23.05 and its two-hundred day simple moving average is $23.66. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The stock has a market capitalization of $38.77 billion, a price-to-earnings ratio of 37.68, a PEG ratio of 52.20 and a beta of 1.09.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Citigroup dropped their price objective 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. Mizuho raised their price objective on Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Barclays set a $35.00 price target on Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Coupang presently has an average rating of "Moderate Buy" and an average price target of $29.17.
Get Our Latest Stock Analysis on Coupang
Insider Buying and Selling
In other Coupang news, Director Benjamin Sun sold 250,000 shares of the 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 transaction, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Pranam Kolari sold 8,459 shares of the firm'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 transaction of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. This trade 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 insiders.
Coupang Company Profile
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Free Report)
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.
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