36,466 Shares in Coupang, Inc. (NYSE:CPNG) Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new position in Coupang, Inc. (NYSE:CPNG) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 36,466 shares of the company’s stock, valued at approximately $802,000.

A number of other institutional investors have also recently bought and sold shares of CPNG. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the fourth quarter worth approximately $26,000. Berbice Capital Management LLC bought a new stake in shares of Coupang in the fourth quarter valued at approximately $31,000. Allworth Financial LP grew its position in Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares in the last quarter. Signaturefd LLC increased its stake in Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock worth $70,000 after acquiring an additional 822 shares during the period. Finally, Atala Financial Inc bought a new position in Coupang during the 4th quarter worth $80,000. Institutional investors own 83.72% of the company’s stock.

Insider Activity at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the firm’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. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Pranam Kolari sold 8,459 shares of the company’s 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 transaction, the vice president now 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 disclosure for this sale can be found here. 13.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CPNG. Citigroup reduced their target price on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Mizuho upped their price objective 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. Barclays set a $35.00 target price on shares of Coupang and gave the company an “overweight” rating in a 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 price target for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Coupang Stock Up 3.2 %

Shares of NYSE CPNG opened at $21.68 on Friday. The company 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. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The stock has a 50-day moving average price of $23.10 and a two-hundred day moving average price of $23.69.

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.