AXQ Capital LP Takes $594,000 Position in Coupang, Inc. (NYSE:CPNG)

AXQ Capital LP acquired a new position in shares of Coupang, Inc. (NYSE:CPNG) in the 4th quarter, HoldingsChannel reports. The firm acquired 27,038 shares of the company’s stock, valued at approximately $594,000.

A number of other institutional investors also recently bought and sold shares of CPNG. Victory Capital Management Inc. lifted its position in Coupang by 0.9% in the third quarter. Victory Capital Management Inc. now owns 112,567 shares of the company’s stock valued at $2,764,000 after buying an additional 1,024 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Coupang by 10.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,265 shares of the company’s stock worth $277,000 after acquiring an additional 1,082 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Coupang during the 3rd quarter worth approximately $370,000. Pathstone Holdings LLC increased its holdings in Coupang by 3.2% in the 3rd quarter. Pathstone Holdings LLC now owns 215,411 shares of the company’s stock valued at $5,288,000 after purchasing an additional 6,615 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Coupang in the third quarter valued at approximately $920,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Mizuho boosted their price objective on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a 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 price target on the stock in a research report on Wednesday, February 26th. Citigroup cut their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays set a $35.00 price objective on Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the company’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 in the company, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 259,234 shares of company stock valued at $6,069,015. Corporate insiders own 13.60% of the company’s stock.

Coupang Stock Up 0.2 %

Coupang stock opened at $23.36 on Friday. The stock’s fifty day moving average is $23.40 and its two-hundred day moving average is $23.93. The stock has a market cap of $42.17 billion, a PE ratio of 40.97, a P/E/G ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 1-year low of $17.34 and a 1-year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

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.