Coupang, Inc. (NYSE:CPNG) Shares Acquired by Amundi

Amundi boosted its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 377,879 shares of the company's stock after acquiring an additional 96,848 shares during the quarter. Amundi's holdings in Coupang were worth $8,419,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its stake in shares of Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after purchasing an additional 452 shares during the period. Angeles Wealth Management LLC lifted its holdings in Coupang by 0.8% in the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock worth $1,211,000 after buying an additional 459 shares in the last quarter. IFP Advisors Inc boosted its position in Coupang by 3.8% in the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock valued at $280,000 after buying an additional 469 shares during the last quarter. Ignite Planners LLC grew its stake in shares of Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock valued at $452,000 after acquiring an additional 483 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Coupang by 63.1% during the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company's stock worth $32,000 after acquiring an additional 484 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

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Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the company's stock in a transaction that occurred 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 directly owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 13.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Mizuho increased their price target on Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Citigroup dropped their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. 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 note on Wednesday, February 26th. Finally, Barclays set a $35.00 target price on shares of Coupang and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.17.

Coupang Stock Performance

Shares of CPNG traded down $0.66 during mid-day trading on Tuesday, reaching $22.87. 6,521,031 shares of the company's stock traded hands, compared to its average volume of 8,393,716. 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 business's 50-day moving average price is $23.31 and its 200-day moving average price is $23.91. The stock has a market capitalization of $41.28 billion, a P/E ratio of 40.11, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91.

Coupang 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.