BankPlus Trust Department Invests $225,000 in Coupang, Inc. (NYSE:CPNG)

BankPlus Trust Department bought a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,238 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. IFP Advisors Inc increased its position in shares of Coupang by 3.8% during the fourth quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock worth $280,000 after acquiring an additional 469 shares in the last quarter. Olympiad Research LP bought a new stake in shares of Coupang during the fourth quarter worth about $314,000. Matauro LLC bought a new stake in shares of Coupang during the fourth quarter worth about $285,000. Flossbach Von Storch SE increased its position in shares of Coupang by 9.4% during the fourth quarter. Flossbach Von Storch SE now owns 175,000 shares of the company’s stock worth $3,846,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Coupang by 37.5% during the fourth quarter. Private Advisor Group LLC now owns 81,551 shares of the company’s stock worth $1,792,000 after acquiring an additional 22,253 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Down 0.9 %

CPNG opened at $24.61 on Tuesday. 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 stock has a market cap of $44.26 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 52.20 and a beta of 1.11. Coupang, Inc. has a twelve month low of $15.81 and a twelve month high of $26.91. The company’s 50-day moving average price is $23.12 and its two-hundred day moving average price is $23.85.

Analyst Ratings Changes

Several research analysts recently weighed in on CPNG shares. Barclays boosted 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 cut their price target 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 investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and an average price target of $27.78.

Coupang 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.