XTX Topco Ltd Acquires Shares of 37,741 Coupang, Inc. (NYSE:CPNG)

XTX Topco Ltd bought a new position in shares of Coupang, Inc. (NYSE:CPNG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 37,741 shares of the company’s stock, valued at approximately $830,000.

Several other institutional investors have also recently added to or reduced their stakes in CPNG. Orion Portfolio Solutions LLC grew its position in Coupang by 14.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company’s stock worth $372,000 after acquiring an additional 1,875 shares during the last quarter. Advisory Resource Group lifted its position in Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock valued at $1,083,000 after purchasing an additional 823 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Coupang in the third quarter valued at approximately $1,094,000. Tidal Investments LLC bought a new position in Coupang during the third quarter worth about $5,646,000. Finally, Lord Abbett & CO. LLC grew its position in shares of Coupang by 269.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,292,886 shares of the company’s stock worth $31,740,000 after buying an additional 942,839 shares during the period. 83.72% of the stock is owned by institutional investors.

Insider Activity

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

Coupang Stock Performance

NYSE CPNG opened at $21.24 on Thursday. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $26.91. The stock has a market cap of $38.35 billion, a PE ratio of 37.26, a P/E/G ratio of 52.20 and a beta of 1.09. The firm has a 50-day moving average of $22.96 and a 200-day moving average of $23.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Analyst Upgrades and Downgrades

CPNG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. Barclays set a $35.00 price target on Coupang and gave the stock an “overweight” rating in a report on Thursday, February 27th. Citigroup cut their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Mizuho raised their target price on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coupang currently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

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.