GM Advisory Group LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG – Free Report) during the 1st quarter, HoldingsChannel reports. The firm bought 100,000 shares of the company’s stock, valued at approximately $1,888,000.
Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Coupang by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 29,547,637 shares of the company’s stock worth $697,029,000 after purchasing an additional 951,812 shares in the last quarter. Ethic Inc. boosted its stake in Coupang by 383.2% in the 4th quarter. Ethic Inc. now owns 126,154 shares of the company’s stock worth $2,976,000 after purchasing an additional 100,047 shares during the period. Gavilan Investment Partners LLC grew its holdings in Coupang by 9.5% during the 3rd quarter. Gavilan Investment Partners LLC now owns 1,265,000 shares of the company’s stock valued at $40,733,000 after buying an additional 110,000 shares in the last quarter. Bank of Nova Scotia increased its position in shares of Coupang by 333.6% during the third quarter. Bank of Nova Scotia now owns 879,000 shares of the company’s stock valued at $28,304,000 after buying an additional 676,300 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Coupang by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 24,327,724 shares of the company’s stock valued at $574,068,000 after buying an additional 1,689,293 shares during the period. 83.72% of the stock is owned by institutional investors.
Coupang Price Performance
Shares of Coupang stock opened at $18.54 on Friday. The company’s fifty day simple moving average is $17.29 and its two-hundred day simple moving average is $19.20. Coupang, Inc. has a 12-month low of $14.92 and a 12-month high of $34.08. The firm has a market cap of $33.28 billion, a PE ratio of -205.99 and a beta of 1.11. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.
Wall Street Analyst Weigh In
CPNG has been the subject of several analyst reports. Citigroup downgraded shares of Coupang from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $22.20 in a report on Wednesday, May 6th. Weiss Ratings cut shares of Coupang from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft downgraded Coupang from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a research report on Wednesday, May 6th. Wall Street Zen lowered Coupang from a “hold” rating to a “strong sell” rating in a research note on Saturday, March 14th. Finally, CLSA initiated coverage on Coupang in a research report on Monday, June 15th. They set an “outperform” rating and a $24.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $25.65.
View Our Latest Analysis on Coupang
Coupang Company Profile
Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.
The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.
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