9,400 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in shares of Coupang, Inc. (NYSE:CPNG) in the 4th quarter, Holdings Channel reports. The fund purchased 9,400 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang in the fourth quarter valued at about $26,000. Berbice Capital Management LLC bought a new position in Coupang in the 4th quarter valued at about $31,000. Allworth Financial LP raised its holdings in Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after acquiring an additional 1,986 shares during the period. Signaturefd LLC lifted its position in Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock worth $70,000 after acquiring an additional 822 shares during the last quarter. Finally, Atala Financial Inc bought a new stake in shares of Coupang during the fourth quarter worth approximately $80,000. 83.72% of the stock is owned by institutional investors.

Coupang Price Performance

CPNG stock opened at $21.00 on Friday. The stock has a market cap of $37.91 billion, a price-to-earnings ratio of 36.83, a P/E/G ratio of 52.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company has a 50 day simple moving average of $23.14 and a 200 day simple moving average of $23.71. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91.

Insiders Place Their Bets

In other news, 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent research reports. Citigroup lowered 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. Mizuho increased their price objective on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Barclays set a $35.00 target price on shares of Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised shares of 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. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Coupang presently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

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.