Lido Advisors LLC Makes New Investment in Coupang, Inc. (NYSE:CPNG)

Lido Advisors LLC acquired a new stake in Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 33,458 shares of the company’s stock, valued at approximately $735,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Pacer Advisors Inc. increased its stake in Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock valued at $253,000 after purchasing an additional 452 shares during the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Coupang by 0.8% in the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock valued at $1,211,000 after buying an additional 459 shares in the last quarter. Virtus ETF Advisers LLC grew its position in shares of Coupang by 1.1% in the 4th quarter. Virtus ETF Advisers LLC now owns 44,341 shares of the company’s stock valued at $975,000 after buying an additional 466 shares during the last quarter. IFP Advisors Inc raised its stake in Coupang by 3.8% during the 4th 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. Finally, Ignite Planners LLC lifted its position in Coupang by 2.5% in the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after acquiring an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 2.7 %

Shares of Coupang stock opened at $24.11 on Friday. The firm has a market cap of $43.53 billion, a price-to-earnings ratio of 42.30, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $26.91. The company’s 50-day simple moving average is $22.48 and its 200-day simple moving average is $23.42. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays set a $35.00 target price on Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Citigroup decreased their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Mizuho raised shares of Coupang to a “hold” rating in a report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.06.

Insiders Place Their Bets

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated 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 directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Pranam Kolari sold 9,347 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $23.85, for a total value of $222,925.95. Following the sale, the vice president now directly owns 177,106 shares in the company, valued at $4,223,978.10. This trade represents a 5.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 267,806 shares of company stock worth $6,274,814. Company insiders own 13.60% of the company’s stock.

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.