OneDigital Investment Advisors LLC Takes $599,000 Position in Coupang, Inc. (NYSE:CPNG)

OneDigital Investment Advisors LLC acquired a new stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,264 shares of the company's stock, valued at approximately $599,000.

Other large investors have also added to or reduced their stakes in the company. Advisory Resource Group boosted its position in Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company's stock valued at $1,083,000 after acquiring an additional 823 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Coupang during the third quarter valued at $1,094,000. Tidal Investments LLC purchased a new position in Coupang in the third quarter worth about $5,646,000. Lord Abbett & CO. LLC lifted its position in Coupang by 269.3% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,292,886 shares of the company's stock valued at $31,740,000 after acquiring an additional 942,839 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in shares of Coupang by 21.0% in the 4th quarter. Harbour Capital Advisors LLC now owns 28,650 shares of the company's stock worth $642,000 after purchasing an additional 4,975 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

Coupang Trading Up 2.5 %

Shares of Coupang stock traded up $0.60 on Friday, reaching $24.07. The company had a trading volume of 2,055,323 shares, compared to its average volume of 7,713,745. The firm's 50-day moving average price is $22.49 and its two-hundred day moving average price is $23.44. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91. The firm has a market cap of $43.45 billion, a price-to-earnings ratio of 42.25, a P/E/G ratio of 52.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Benjamin Sun sold 250,000 shares of the firm'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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the transaction, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % 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 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.