Coupang, Inc. (NYSE:CPNG) Shares Bought by Choreo LLC

Choreo LLC increased its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 212,149 shares of the company's stock after purchasing an additional 12,485 shares during the period. Choreo LLC's holdings in Coupang were worth $4,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CPNG. Truist Financial Corp boosted its position in shares of Coupang by 585.9% in the second quarter. Truist Financial Corp now owns 96,187 shares of the company's stock worth $2,015,000 after buying an additional 82,164 shares during the period. Cetera Investment Advisers lifted its position in Coupang by 122.7% during the 2nd quarter. Cetera Investment Advisers now owns 65,332 shares of the company's stock worth $1,369,000 after acquiring an additional 35,992 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Coupang in the 2nd quarter worth approximately $243,000. SG Americas Securities LLC grew its position in Coupang by 322.3% in the third quarter. SG Americas Securities LLC now owns 35,359 shares of the company's stock valued at $868,000 after acquiring an additional 26,986 shares in the last quarter. Finally, Northwest Capital Management Inc acquired a new stake in Coupang in the third quarter valued at approximately $87,000. 83.72% of the stock is owned by hedge funds and other institutional investors.

Coupang Stock Down 0.9 %

Shares of CPNG stock traded down $0.21 during mid-day trading on Friday, reaching $23.65. 8,399,807 shares of the company were exchanged, compared to its average volume of 5,871,385. 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 simple moving average is $22.94 and its 200 day simple moving average is $23.50. The company has a market capitalization of $42.54 billion, a P/E ratio of 41.49, a P/E/G ratio of 43.21 and a beta of 1.11. Coupang, Inc. has a fifty-two week low of $14.10 and a fifty-two week high of $26.91.

Insiders Place Their Bets

In other Coupang news, Director Greenoaks Capital Partners Llc bought 687,700 shares of the company's stock in a transaction on Monday, November 11th. The shares were bought at an average cost of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now owns 52,726,423 shares of the company's stock, valued at approximately $1,269,652,265.84. This trade represents a 1.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bom Kim sold 15,000,000 shares of Coupang stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,000,000 shares of the company's stock, valued at $45,940,000. This trade represents a 88.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,009,234 shares of company stock valued at $344,761,515 in the last ninety days. Corporate insiders own 13.60% of the company's stock.

Analyst Ratings Changes

Separately, Citigroup reduced their target price on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and an average price target of $27.56.

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.