V Square Quantitative Management LLC Buys 2,656 Shares of Coupang, Inc. (NYSE:CPNG)

V Square Quantitative Management LLC raised its stake in Coupang, Inc. (NYSE:CPNG) by 39.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,417 shares of the company’s stock after buying an additional 2,656 shares during the period. V Square Quantitative Management LLC’s holdings in Coupang were worth $206,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang in the 4th quarter worth $26,000. Brooklyn Investment Group bought a new position in shares of Coupang in the 3rd quarter worth $28,000. Berbice Capital Management LLC bought a new position in shares of Coupang in the 4th quarter worth $31,000. Van ECK Associates Corp increased its holdings in shares of Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after buying an additional 484 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Coupang by 438.9% in the 3rd quarter. Signaturefd LLC now owns 2,371 shares of the company’s stock worth $58,000 after buying an additional 1,931 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction on Monday, February 3rd. The shares were 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 13.60% of the stock is currently owned by corporate insiders.

Coupang Trading Up 1.2 %

Shares of CPNG opened at $25.30 on Tuesday. The stock has a market capitalization of $45.50 billion, a P/E ratio of 44.38, a PEG ratio of 43.21 and a beta of 1.11. 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 firm has a fifty day simple moving average of $23.00 and a two-hundred day simple moving average of $23.71. Coupang, Inc. has a twelve month low of $15.14 and a twelve month high of $26.91.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CPNG. Barclays increased their price target on shares of Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Citigroup reduced their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

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.