Kontiki Capital Management HK Ltd. Sells 853,600 Shares of Coupang, Inc. (NYSE:CPNG)

Kontiki Capital Management HK Ltd. decreased its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,973,468 shares of the company's stock after selling 853,600 shares during the quarter. Coupang accounts for about 13.4% of Kontiki Capital Management HK Ltd.'s holdings, making the stock its 4th largest holding. Kontiki Capital Management HK Ltd. owned 0.39% of Coupang worth $153,277,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CPNG. Wingate Wealth Advisors Inc. purchased a new stake in shares of Coupang during the fourth quarter worth about $26,000. Brooklyn Investment Group purchased a new position in Coupang in the 3rd quarter valued at about $28,000. Berbice Capital Management LLC acquired a new stake in Coupang in the 4th quarter worth about $31,000. Allworth Financial LP increased its stake in Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after buying an additional 1,986 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Coupang by 34.7% during the fourth 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. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CPNG shares. Barclays set a $35.00 price target on Coupang and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price on the stock in a research note on Wednesday, February 26th. Mizuho increased their target price on shares of Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Citigroup decreased their price target 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 research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $29.17.

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Coupang Trading Down 0.7 %

NYSE:CPNG traded down $0.17 on Tuesday, hitting $23.42. The stock had a trading volume of 4,799,358 shares, compared to its average volume of 8,314,093. The company has a fifty day moving average price of $23.44 and a two-hundred day moving average price of $23.94. Coupang, Inc. has a 1-year low of $17.34 and a 1-year high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The stock has a market cap of $42.28 billion, a price-to-earnings ratio of 41.09, a PEG ratio of 52.20 and a beta of 1.10.

Insiders Place Their Bets

In other 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 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. The trade was a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $23.43, for a total value 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. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,234 shares of company stock valued at $6,069,015 over the last quarter. 13.60% of the stock is owned by insiders.

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.