Guggenheim Capital LLC Invests $439,000 in Coupang, Inc. (NYSE:CPNG)

Guggenheim Capital LLC acquired a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,988 shares of the company's stock, valued at approximately $439,000.

Other institutional investors have also recently bought and sold shares of the company. Wingate Wealth Advisors Inc. acquired a new position in Coupang during the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new position in shares of Coupang in the 4th quarter valued at approximately $31,000. Allworth Financial LP lifted its holdings in Coupang by 11,033.3% in 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. Signaturefd LLC boosted its position in Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after purchasing an additional 822 shares during the period. Finally, Atala Financial Inc acquired a new position in Coupang during the fourth quarter valued at approximately $80,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Wall Street Analysts Forecast Growth

CPNG has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a research report on Wednesday, February 26th. Mizuho raised shares of Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays set a $35.00 price target on shares of Coupang and gave the company an "overweight" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Coupang has an average rating of "Moderate Buy" and a consensus target price of $29.17.

Insider Activity

In other news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction that occurred 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 directly owns 136,806 shares of the company's stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction that occurred 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 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 corporate insiders.

Coupang Price Performance

NYSE:CPNG traded down $0.16 during mid-day trading on Wednesday, hitting $23.39. The company's stock had a trading volume of 5,043,313 shares, compared to its average volume of 7,769,134. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $42.23 billion, a price-to-earnings ratio of 41.04, a P/E/G ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week high of $26.91. The stock has a fifty day moving average of $22.54 and a 200-day moving average of $23.45.

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.