D.A. Davidson & CO. Purchases 4,166 Shares of Coupang, Inc. (NYSE:CPNG)

D.A. Davidson & CO. grew its stake in Coupang, Inc. (NYSE:CPNG) by 3.4% during the fourth quarter, HoldingsChannel reports. The fund owned 125,539 shares of the company’s stock after acquiring an additional 4,166 shares during the quarter. D.A. Davidson & CO.’s holdings in Coupang were worth $2,759,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wingate Wealth Advisors Inc. purchased a new position in shares of Coupang in the 4th quarter valued at $26,000. Brooklyn Investment Group purchased a new position in shares of Coupang in the 3rd quarter valued at $28,000. Berbice Capital Management LLC purchased a new position in shares of Coupang in the 4th quarter valued at $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 valued at $32,000 after acquiring an additional 484 shares during the period. Finally, Allworth Financial LP grew its stake in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares during the last quarter. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Coupang Stock Down 1.3 %

Coupang stock opened at $24.80 on Friday. 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 business’s 50-day simple moving average is $23.10 and its two-hundred day simple moving average is $23.79. The company has a market cap of $44.60 billion, a PE ratio of 43.50, a PEG ratio of 53.01 and a beta of 1.11. Coupang, Inc. has a fifty-two week low of $15.81 and a fifty-two week high of $26.91.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPNG. Citigroup dropped their target price on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays boosted their target price on Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Coupang has a consensus rating of “Moderate Buy” and a consensus price target of $27.78.

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 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 approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.60% of the company’s stock.

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.