26,328 Shares in Coupang, Inc. (NYSE:CPNG) Bought by Twin Capital Management Inc.

Twin Capital Management Inc. purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,328 shares of the company's stock, valued at approximately $579,000.

Other institutional investors have also added to or reduced their stakes in the company. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the fourth quarter valued at about $26,000. Berbice Capital Management LLC bought a new stake in Coupang during the 4th quarter valued at approximately $31,000. Allworth Financial LP raised its position in shares of Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after acquiring an additional 1,986 shares in the last quarter. Signaturefd LLC lifted its stake in shares of 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 period. Finally, Atala Financial Inc purchased a new position in Coupang during the fourth quarter valued at $80,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Stock Performance

NYSE:CPNG traded up $0.68 during trading hours on Friday, reaching $21.68. The company had a trading volume of 7,582,940 shares, compared to its average volume of 8,227,215. The firm has a market cap of $39.13 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 52 week low of $18.16 and a 52 week 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 firm's 50 day moving average price is $23.10 and its 200-day moving average price is $23.68.

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Insider Activity 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 transaction of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares of the company's stock, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Pranam Kolari sold 8,459 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of recent research reports. Mizuho upped their target price 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 cut their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Barclays set a $35.00 price target on Coupang and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.

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.