Capital International Sarl Has $3.10 Million Stock Position in Coupang, Inc. (NYSE:CPNG)

Capital International Sarl reduced its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,107 shares of the company's stock after selling 13,146 shares during the quarter. Capital International Sarl's holdings in Coupang were worth $3,102,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. purchased a new stake in Coupang during the fourth quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new stake in shares of Coupang in the fourth quarter valued at $31,000. Allworth Financial LP raised its position in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after acquiring an additional 1,986 shares in the last quarter. Signaturefd LLC lifted its holdings in Coupang by 34.7% in the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after acquiring an additional 822 shares during the last quarter. Finally, Atala Financial Inc bought a new position in shares of Coupang during the 4th quarter valued at about $80,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Mizuho raised Coupang to a "hold" rating in a research note on Friday, April 18th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research report on Wednesday, February 26th. Barclays set a $35.00 price objective on Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Finally, Citigroup lowered their target price on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and an average price target of $29.17.

Insiders Place Their Bets

In other news, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Pranam Kolari sold 8,459 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company's stock.

Coupang Stock Performance

Shares of NYSE CPNG traded up $0.90 during mid-day trading on Wednesday, hitting $22.58. The company had a trading volume of 8,055,035 shares, compared to its average volume of 7,873,535. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The firm has a market cap of $40.77 billion, a P/E ratio of 39.61, a PEG ratio of 52.20 and a beta of 1.09. The business's 50-day simple moving average is $22.74 and its 200-day simple moving average is $23.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

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.