Virtu Financial LLC Buys Shares of 13,122 Coupang, Inc. (NYSE:CPNG)

Virtu Financial LLC purchased a new position in Coupang, Inc. (NYSE:CPNG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 13,122 shares of the company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors have also modified their holdings of CPNG. Assenagon Asset Management S.A. raised its stake in shares of Coupang by 85.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock worth $24,182,000 after purchasing an additional 506,622 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock valued at $4,861,000 after acquiring an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC acquired a new stake in Coupang in the fourth quarter valued at approximately $2,618,000. Charles Schwab Investment Management Inc. lifted its stake in Coupang by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock valued at $18,640,000 after acquiring an additional 138,416 shares during the last quarter. Finally, Plotkin Financial Advisors LLC bought a new stake in Coupang in the third quarter worth approximately $491,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Mizuho raised their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a report on Wednesday, February 26th. Citigroup decreased their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays set a $35.00 price objective on Coupang and gave the company 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Coupang Trading Down 0.3 %

Coupang stock opened at $23.51 on Friday. Coupang, Inc. has a 52 week low of $17.55 and a 52 week high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The firm has a market capitalization of $42.44 billion, a PE ratio of 41.24, a PEG ratio of 52.20 and a beta of 1.10. The business’s 50-day simple moving average is $23.51 and its 200-day simple moving average is $23.94.

Insider Buying and Selling at Coupang

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 transaction of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the director now directly 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 position. The disclosure for this sale can be found here. Insiders have sold 259,234 shares of company stock valued at $6,069,015 in the last 90 days. 13.60% of the stock is currently owned by insiders.

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.