Matauro LLC Takes $285,000 Position in Coupang, Inc. (NYSE:CPNG)

Matauro LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,968 shares of the company's stock, valued at approximately $285,000.The Future of Innovation: 3 Tech Stocks to WatchSeveral other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the 4th quarter valued at about $26,000. Brooklyn Investment Group bought a new position in Coupang during the third quarter valued at approximately $28,000. Berbice Capital Management LLC bought a new position in Coupang during the fourth quarter valued at approximately $31,000. Van ECK Associates Corp grew its holdings in Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock valued at $32,000 after buying an additional 484 shares in the last quarter. Finally, Allworth Financial LP increased its stake 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 acquiring an additional 1,986 shares during the last quarter. Institutional investors own 83.72% of the company's stock. Analyst Ratings ChangesA number of research firms have recently commented on CPNG. Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Barclays upped their price target on shares of Coupang from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.78.Coupang Stock And Why You Should Care Get Our Latest Report on CoupangInsider Transactions at CoupangIn related news, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.60% of the company's stock. Coupang Stock Down 1.3 %Is Coupang's Stock On The Verge Of A Turnaround?NYSE CPNG opened at $24.80 on Friday. 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 52 week low of $15.81 and a 52 week high of $26.91. The firm has a market capitalization of $44.60 billion, a price-to-earnings ratio of 43.50, a PEG ratio of 53.01 and a beta of 1.11. The company has a fifty day moving average of $23.10 and a two-hundred day moving average of $23.79. About Coupang (Free Report)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.Featured StoriesFive stocks we like better than CoupangCD Calculator: Certificate of Deposit Calculator 3 Stocks Poised to Thrive as NVIDIA Dominates the AI BoomHow Investors Can Find the Best Cheap Dividend StocksMercadoLibre: High-Growth EM Stock With 100% Upside PotentialWhat Does a Stock Split Mean? As the Magnificent 7 Stalls, These 3 Stocks Are Gaining MomentumThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Coupang Right Now?Before you consider Coupang, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coupang wasn't on the list.While Coupang currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here