Coupang, Inc. (NYSE:CPNG) Shares Purchased by Martingale Asset Management L P

Martingale Asset Management L P increased its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 35.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 62,818 shares of the company's stock after acquiring an additional 16,542 shares during the period. Martingale Asset Management L P's holdings in Coupang were worth $1,381,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. purchased a new stake in Coupang during the 4th quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new stake in shares of Coupang in the fourth quarter worth approximately $31,000. Allworth Financial LP raised its stake in Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after purchasing an additional 1,986 shares during the last quarter. Signaturefd LLC raised its stake in Coupang by 34.7% in the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after purchasing an additional 822 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in Coupang in the 4th quarter valued at $80,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares of the company's stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.

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Coupang Trading Down 0.3 %

CPNG stock traded down $0.06 during midday trading on Tuesday, hitting $21.48. 6,585,731 shares of the company's stock were exchanged, compared to its average volume of 8,128,730. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $38.77 billion, a PE ratio of 37.68, a P/E/G ratio of 52.20 and a beta of 1.09. The business has a 50-day simple moving average of $23.05 and a two-hundred day simple moving average of $23.66.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CPNG. Citigroup reduced their target price 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 shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a report on Wednesday, February 26th. Mizuho raised their target price 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, Barclays set a $35.00 price target on Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. One 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.com, Coupang currently has a consensus rating of "Moderate Buy" and a consensus 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.