Quantessence Capital LLC Acquires Shares of 23,096 Coupang, Inc. (NYSE:CPNG)

Quantessence Capital LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,096 shares of the company's stock, valued at approximately $508,000.

Other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of Coupang by 4.1% in the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after purchasing an additional 452 shares during the last quarter. Angeles Wealth Management LLC increased its stake in Coupang by 0.8% in the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock valued at $1,211,000 after buying an additional 459 shares during the period. IFP Advisors Inc raised its position in Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock worth $280,000 after buying an additional 469 shares during the last quarter. Ignite Planners LLC lifted its stake in shares of Coupang by 2.5% in the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock worth $452,000 after acquiring an additional 483 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Coupang by 8.6% in the fourth quarter. National Bank of Canada FI now owns 6,944 shares of the company's stock valued at $153,000 after acquiring an additional 548 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Barclays set a $35.00 price objective on Coupang and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Citigroup lowered their price target 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Coupang has a consensus rating of "Moderate Buy" and an average target price of $29.17.

Coupang Price Performance

Shares of NYSE CPNG opened at $21.67 on Wednesday. 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 company's 50-day moving average price is $22.74 and its 200 day moving average price is $23.54. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.91. The stock has a market cap of $39.12 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 52.20 and a beta of 1.09.

Insider Buying and Selling at Coupang

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

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.

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