Coupang, Inc. (NYSE:CPNG) Position Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Coupang, Inc. (NYSE:CPNG) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,032 shares of the company’s stock after purchasing an additional 1,725 shares during the period. Daiwa Securities Group Inc.’s holdings in Coupang were worth $418,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CPNG. Atria Investments Inc increased its holdings in shares of Coupang by 4.2% in the third quarter. Atria Investments Inc now owns 23,111 shares of the company’s stock valued at $567,000 after buying an additional 937 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Coupang by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 374,807 shares of the company’s stock valued at $9,202,000 after buying an additional 1,135 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Coupang by 0.9% in the third quarter. Victory Capital Management Inc. now owns 112,567 shares of the company’s stock valued at $2,764,000 after buying an additional 1,024 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of Coupang by 10.6% in the third quarter. Oppenheimer & Co. Inc. now owns 11,265 shares of the company’s stock valued at $277,000 after buying an additional 1,082 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Coupang by 5.0% in the third quarter. CIBC Asset Management Inc now owns 54,709 shares of the company’s stock valued at $1,343,000 after buying an additional 2,604 shares in the last quarter. Institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 1.4 %

Coupang stock opened at $22.49 on Monday. The company’s fifty day simple moving average is $23.28 and its 200-day simple moving average is $23.90. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91. The stock has a market cap of $40.60 billion, a P/E ratio of 39.45, a P/E/G ratio of 52.20 and a beta of 1.10.

Insider Activity

In related 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 value of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CPNG has been the topic of several research analyst reports. Mizuho lifted their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Barclays set a $35.00 price objective on shares of Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Citigroup lowered their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.