AMS Capital Ltda Increases Holdings in Coupang, Inc. (NYSE:CPNG)

AMS Capital Ltda raised its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 236,914 shares of the company's stock after acquiring an additional 18,268 shares during the period. Coupang makes up 2.6% of AMS Capital Ltda's investment portfolio, making the stock its 14th largest position. AMS Capital Ltda's holdings in Coupang were worth $5,207,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Coupang by 23.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock valued at $4,861,000 after acquiring an additional 41,384 shares in the last quarter. Leavell Investment Management Inc. raised its holdings in shares of Coupang by 64.3% in the 4th quarter. Leavell Investment Management Inc. now owns 18,400 shares of the company's stock valued at $404,000 after acquiring an additional 7,200 shares in the last quarter. Sovran Advisors LLC purchased a new stake in shares of Coupang in the 4th quarter valued at about $500,000. Wingate Wealth Advisors Inc. bought a new position in shares of Coupang during the 4th quarter valued at about $26,000. Finally, Elevate Capital Advisors LLC bought a new position in shares of Coupang during the 4th quarter valued at about $2,618,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. Barclays raised their price target on Coupang from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.78.

Insider Activity

In other news, VP Pranam Kolari sold 8,459 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was 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 owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.60% of the stock is currently owned by company insiders.

Coupang Stock Up 0.6 %

Shares of CPNG traded up $0.16 on Tuesday, reaching $25.50. The stock had a trading volume of 10,905,740 shares, compared to its average volume of 7,579,808. The firm has a market capitalization of $45.86 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 43.21 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. The company has a 50-day simple moving average of $23.03 and a 200-day simple moving average of $23.74. Coupang, Inc. has a 12-month low of $15.50 and a 12-month high of $26.91.

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.