Edgestream Partners L.P. Purchases New Position in Coupang, Inc. (NYSE:CPNG)

Edgestream Partners L.P. purchased a new stake in Coupang, Inc. (NYSE:CPNG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 59,221 shares of the company’s stock, valued at approximately $1,302,000.

Several other large investors have also added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. bought a new position in Coupang in the 4th quarter valued at about $26,000. Brooklyn Investment Group bought a new position in Coupang in the 3rd quarter valued at about $28,000. Berbice Capital Management LLC bought a new position in Coupang in the 4th quarter valued at about $31,000. Van ECK Associates Corp lifted its position in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after acquiring an additional 484 shares in the last quarter. Finally, Allworth Financial LP lifted its position 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 in the last quarter. Institutional investors own 83.72% of the company’s stock.

Coupang Trading Down 3.5 %

NYSE:CPNG opened at $21.97 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $39.66 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The firm’s 50 day moving average is $23.28 and its 200 day moving average is $23.91. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91.

Analysts Set New Price Targets

CPNG has been the topic of several recent research reports. Mizuho raised their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. 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 research report on Wednesday, February 26th. Citigroup dropped their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays set a $35.00 target price on shares of Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 8,459 shares of Coupang 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 sale, the vice president now owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.60% of the stock is currently owned by 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.