Wilmington Savings Fund Society FSB Sells 19,555 Shares of Coupang, Inc. (NYSE:CPNG)

Wilmington Savings Fund Society FSB lowered its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 43.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,009 shares of the company's stock after selling 19,555 shares during the period. Wilmington Savings Fund Society FSB's holdings in Coupang were worth $550,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in Coupang during the third quarter worth approximately $28,000. Asset Dedication LLC grew its stake in Coupang by 438.1% during the third quarter. Asset Dedication LLC now owns 1,216 shares of the company's stock worth $30,000 after purchasing an additional 990 shares during the period. Van ECK Associates Corp grew its stake in 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 purchasing an additional 484 shares during the period. Berbice Capital Management LLC acquired a new stake in Coupang during the fourth quarter worth approximately $31,000. Finally, Wolff Wiese Magana LLC grew its stake in Coupang by 330.4% during the third quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company's stock worth $41,000 after purchasing an additional 1,295 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.

Analyst Ratings Changes

CPNG has been the subject of several recent analyst reports. Barclays raised their target price on Coupang from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $27.78.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 8,459 shares of Coupang 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 sale, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.60% of the stock is currently owned by corporate insiders.

Coupang Stock Up 1.2 %

Shares of NYSE:CPNG traded up $0.30 during mid-day trading on Friday, hitting $25.30. 8,734,027 shares of the company traded hands, compared to its average volume of 7,468,723. The stock has a market cap of $45.50 billion, a P/E ratio of 44.38, a P/E/G ratio of 43.21 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 12-month low of $15.14 and a 12-month high of $26.91. The stock has a 50-day moving average price of $22.96 and a two-hundred day moving average price of $23.63.

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.