17,976 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Banco BTG Pactual S.A.

Banco BTG Pactual S.A. purchased a new stake in Coupang, Inc. (NYSE:CPNG) during the fourth quarter, Holdings Channel reports. The firm purchased 17,976 shares of the company’s stock, valued at approximately $401,000.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its position 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 grew its stake in Coupang by 23.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company’s stock worth $4,861,000 after buying an additional 41,384 shares during the last quarter. Elevate Capital Advisors LLC acquired a new stake in shares of Coupang during the fourth quarter worth approximately $2,618,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 acquired a new position in shares of Coupang in the 3rd quarter worth approximately $491,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Coupang Stock Performance

Shares of Coupang stock opened at $23.42 on Wednesday. The firm has a fifty day moving average of $23.47 and a two-hundred day moving average of $23.95. 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 stock has a market capitalization of $42.28 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 52 week low of $17.55 and a 52 week high of $26.91.

Analysts Set New Price Targets

CPNG has been the subject of a number of recent analyst reports. Citigroup dropped their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised 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. Barclays set a $35.00 price objective on shares of Coupang and gave the stock an “overweight” rating in a report on Thursday, February 27th. Finally, Mizuho boosted their target price on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Coupang presently has an average rating of “Moderate Buy” and an average target price of $29.17.

Insider Activity at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the business’s stock in a transaction 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 owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 259,234 shares of company stock worth $6,069,015. 13.60% of the stock is 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.