Virtus ETF Advisers LLC Has $975,000 Position in Coupang, Inc. (NYSE:CPNG)

Virtus ETF Advisers LLC increased its stake in shares of Coupang, Inc. (NYSE:CPNG) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,341 shares of the company’s stock after acquiring an additional 466 shares during the quarter. Virtus ETF Advisers LLC’s holdings in Coupang were worth $975,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Norges Bank bought a new position in shares of Coupang in the 4th quarter worth $404,896,000. Price T Rowe Associates Inc. MD raised its holdings in Coupang by 29.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company’s stock worth $1,663,594,000 after buying an additional 17,123,637 shares during the last quarter. Coronation Fund Managers Ltd. lifted its stake in shares of Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after buying an additional 2,566,581 shares in the last quarter. FMR LLC grew its holdings in shares of Coupang by 9.1% during the fourth quarter. FMR LLC now owns 29,619,581 shares of the company’s stock valued at $651,038,000 after buying an additional 2,465,973 shares during the last quarter. Finally, Ninety One UK Ltd acquired a new position in shares of Coupang during the fourth quarter valued at about $46,388,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on CPNG shares. Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Wednesday, February 26th. Citigroup decreased their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Mizuho upgraded Coupang to a “hold” rating in a research note on Friday, April 18th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Coupang Trading Up 0.9 %

Shares of Coupang stock opened at $23.44 on Friday. The firm has a market cap of $42.32 billion, a PE ratio of 41.12, a P/E/G ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 1 year low of $18.16 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. The stock has a fifty day moving average price of $22.61 and a 200-day moving average price of $23.48.

Insider Activity at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the transaction, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is owned by company insiders.

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.