D.A. Davidson & CO. Grows Position in Coupang, Inc. (NYSE:CPNG)

D.A. Davidson & CO. grew its stake in Coupang, Inc. (NYSE:CPNG) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,539 shares of the company’s stock after purchasing an additional 4,166 shares during the period. D.A. Davidson & CO.’s holdings in Coupang were worth $2,759,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CPNG. Creative Planning lifted its stake in shares of Coupang by 27.6% in the 3rd quarter. Creative Planning now owns 14,407 shares of the company’s stock valued at $354,000 after purchasing an additional 3,117 shares during the last quarter. Raymond James & Associates lifted its stake in shares of Coupang by 33.8% in the 3rd quarter. Raymond James & Associates now owns 157,963 shares of the company’s stock valued at $3,878,000 after purchasing an additional 39,938 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock valued at $58,000 after purchasing an additional 1,931 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Coupang by 7.3% in the 3rd quarter. Private Advisor Group LLC now owns 59,298 shares of the company’s stock valued at $1,456,000 after purchasing an additional 4,036 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Coupang by 134.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 54,937 shares of the company’s stock valued at $1,349,000 after purchasing an additional 31,458 shares during the last quarter. 83.72% of the stock is owned by institutional investors.

Coupang Trading Down 1.3 %

Shares of NYSE CPNG opened at $24.80 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $23.10 and a two-hundred day simple moving average of $23.79. The firm has a market cap of $44.60 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 53.01 and a beta of 1.11. Coupang, Inc. has a twelve month low of $15.81 and a twelve month high of $26.91.

Analyst Upgrades and Downgrades

CPNG has been the subject of several analyst reports. Barclays raised their price objective on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. 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. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Coupang has an average rating of “Moderate Buy” and a consensus price target of $27.78.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.60% of the stock is currently owned by corporate insiders.

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.