Aquatic Capital Management LLC Acquires 541,768 Shares of Coupang, Inc. (NYSE:CPNG)

Aquatic Capital Management LLC raised its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 3,009.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 559,768 shares of the company's stock after purchasing an additional 541,768 shares during the quarter. Aquatic Capital Management LLC's holdings in Coupang were worth $12,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its position in shares of Coupang by 29.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares during the last quarter. FMR LLC raised its holdings in Coupang by 9.1% in the 4th quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after acquiring an additional 2,465,973 shares during the last quarter. Dodge & Cox raised its holdings in Coupang by 0.6% in the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after acquiring an additional 123,900 shares during the last quarter. Norges Bank purchased a new stake in shares of Coupang during the 4th quarter valued at $404,896,000. Finally, HMI Capital Management L.P. grew its stake in shares of Coupang by 4.2% during the 4th quarter. HMI Capital Management L.P. now owns 11,662,498 shares of the company's stock valued at $256,342,000 after buying an additional 470,000 shares during the period. Hedge funds and other institutional investors own 83.72% of the company's stock.

Insider Activity at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction on Monday, February 3rd. The shares were 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. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin Sun sold 250,000 shares of Coupang 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 sale, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

Coupang Stock Down 0.0 %

Shares of CPNG stock traded down $0.01 during trading on Thursday, hitting $23.37. 1,554,284 shares of the company were exchanged, compared to its average volume of 7,732,045. The firm has a market capitalization of $42.19 billion, a price-to-earnings ratio of 41.01, a P/E/G ratio of 52.20 and a beta of 1.09. The business's 50-day simple moving average is $22.51 and its 200 day simple moving average is $23.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $26.91.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CPNG shares. Barclays set a $35.00 price objective on shares of Coupang and gave the company an "overweight" rating in a research note 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. Mizuho raised Coupang to a "hold" rating in a report on Friday, April 18th. Finally, Citigroup lowered their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $29.17.

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.