Fortis Capital Advisors LLC Purchases Shares of 33,012 Coupang, Inc. (NYSE:CPNG)

Fortis Capital Advisors LLC purchased a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 33,012 shares of the company's stock, valued at approximately $731,000.

A number of other institutional investors have also recently bought and sold shares of CPNG. Janus Henderson Group PLC raised its stake in Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock valued at $850,000 after purchasing an additional 747 shares during the period. Orion Portfolio Solutions LLC raised its position in Coupang by 14.1% during the third quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company's stock valued at $372,000 after buying an additional 1,875 shares during the period. Geode Capital Management LLC lifted its stake in Coupang by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock worth $144,483,000 after acquiring an additional 29,164 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in Coupang by 10.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 15,517 shares of the company's stock worth $382,000 after acquiring an additional 1,427 shares in the last quarter. Finally, Advisory Resource Group boosted its position in Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company's stock worth $1,083,000 after acquiring an additional 823 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Down 0.3 %

Shares of CPNG stock traded down $0.06 on Tuesday, hitting $21.48. The company's stock had a trading volume of 6,585,731 shares, compared to its average volume of 8,128,730. The stock has a market capitalization of $38.77 billion, a price-to-earnings ratio of 37.68, a P/E/G ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $26.91. The firm's fifty day moving average price is $23.05 and its 200-day moving average price is $23.66. 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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Analysts Set New Price Targets

A number of research firms have recently issued reports on CPNG. Mizuho increased their price target on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Citigroup dropped their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note 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 target on the stock in a report on Wednesday, February 26th. Finally, Barclays set a $35.00 price objective on Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.17.

Insider Buying and Selling at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the business's 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 directly 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. Corporate insiders own 13.60% of the company's stock.

About Coupang

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.