33,021 Shares in Coupang, Inc. (NYSE:CPNG) Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP bought a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 33,021 shares of the company's stock, valued at approximately $726,000.

Other hedge funds have also made changes to their positions in the company. Wingate Wealth Advisors Inc. purchased a new stake in Coupang in the 4th quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new position in Coupang in the 4th quarter worth about $31,000. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 1,986 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Coupang by 142.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 2,429 shares of the company's stock worth $53,000 after buying an additional 1,429 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Coupang by 34.7% in the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after buying an additional 822 shares during the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Coupang news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, 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 legal filing with the SEC, which is available at this link. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated 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 $40,286,034.03. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

Coupang Stock Performance

Shares of CPNG stock traded down $0.36 during midday trading on Wednesday, hitting $23.19. 1,085,089 shares of the company were exchanged, compared to its average volume of 7,753,759. The firm's 50 day moving average price is $22.54 and its two-hundred day moving average price 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. The firm has a market capitalization of $41.87 billion, a P/E ratio of 40.66, a PEG 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.

Analyst Ratings Changes

CPNG has been the subject of a number of research analyst reports. Barclays set a $35.00 target price on shares of Coupang and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Citigroup cut 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. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. Finally, Mizuho raised shares of Coupang to a "hold" rating in a report on Friday, April 18th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $29.17.

Coupang Company 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.