GSA Capital Partners LLP Has $1.16 Million Position in Coupang, Inc. $CPNG

GSA Capital Partners LLP trimmed its stake in shares of Coupang, Inc. (NYSE:CPNG) by 51.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,082 shares of the company’s stock after selling 37,936 shares during the quarter. GSA Capital Partners LLP’s holdings in Coupang were worth $1,162,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in shares of Coupang during the third quarter worth $32,000. Hilltop National Bank bought a new stake in Coupang during the 3rd quarter worth $34,000. Fifth Third Bancorp increased its holdings in Coupang by 1,250.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,080 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares in the last quarter. Root Financial Partners LLC bought a new position in Coupang in the third quarter valued at about $40,000. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of Coupang during the second quarter valued at about $45,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Transactions at Coupang

In other Coupang news, CAO Jonathan D. Lee sold 2,679 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $23.62, for a total transaction of $63,277.98. Following the sale, the chief accounting officer owned 122,096 shares of the company’s stock, valued at approximately $2,883,907.52. This represents a 2.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.78% of the stock is currently owned by insiders.

Coupang Trading Up 3.6%

CPNG opened at $18.07 on Thursday. Coupang, Inc. has a twelve month low of $16.74 and a twelve month high of $34.08. The company has a quick ratio of 0.82, a current ratio of 1.06 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $21.20 and a 200-day moving average of $26.88. The stock has a market cap of $33.00 billion, a PE ratio of 86.03 and a beta of 1.19.

Analysts Set New Price Targets

Several research firms have recently weighed in on CPNG. Bank of America boosted their price target on Coupang from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Sanford C. Bernstein initiated coverage on shares of Coupang in a report on Thursday, February 5th. They set an “underperform” rating and a $17.00 target price on the stock. Nomura cut shares of Coupang from a “buy” rating to a “neutral” rating and set a $22.00 price target for the company. in a research report on Monday, January 12th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Friday, January 16th. Finally, Barclays boosted their price objective on shares of Coupang from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.89.

Coupang Profile

Coupang, listed on the New York Stock Exchange under the ticker CPNG, is a South Korean e-commerce company headquartered in Seoul. Founded in 2010 by Bom Kim, the company grew rapidly by combining an online marketplace with a large direct-retail business model. Coupang completed a primary listing in the United States in 2021, and it has become one of South Korea’s leading online retailers by focusing on convenience, speed and a wide product assortment across consumer categories.

The company operates a vertically integrated e-commerce platform that includes a customer-facing marketplace and an extensive logistics and fulfillment network.