37,741 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by XTX Topco Ltd

XTX Topco Ltd bought a new stake in Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 37,741 shares of the company's stock, valued at approximately $830,000.

Several other hedge funds also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its stake in 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 raised its holdings 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 acquiring an additional 459 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of 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 purchasing an additional 469 shares during the period. Ignite Planners LLC boosted its holdings in shares of Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock worth $452,000 after purchasing an additional 483 shares during the last quarter. Finally, National Bank of Canada FI grew its position 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 purchasing an additional 548 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Insider Activity

In related news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated 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 trade represents a 5.82 % decrease in their ownership of the stock. 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 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 sale, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.

Wall Street Analyst Weigh In

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

Coupang Stock Up 2.9 %

CPNG traded up $0.61 on Tuesday, reaching $21.74. The company's stock had a trading volume of 777,541 shares, compared to its average volume of 7,895,823. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91. The business's 50 day moving average is $22.81 and its 200 day moving average is $23.55. The stock has a market cap of $39.24 billion, a price-to-earnings ratio of 38.18, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09.

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.