Coupang, Inc. (NYSE:CPNG) Shares Sold by Kontiki Capital Management HK Ltd.

Kontiki Capital Management HK Ltd. reduced its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 10.9% in the 4th quarter, according to its most recent 13F 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 comprises 13.4% of Kontiki Capital Management HK Ltd.'s portfolio, making the stock its 4th biggest position. Kontiki Capital Management HK Ltd. owned 0.39% of Coupang worth $153,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CPNG. Assenagon Asset Management S.A. increased its position in shares of Coupang by 85.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock valued at $24,182,000 after buying an additional 506,622 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Coupang by 23.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after acquiring an additional 41,384 shares in the last quarter. Elevate Capital Advisors LLC bought a new stake in shares of Coupang in the fourth quarter worth about $2,618,000. Charles Schwab Investment Management Inc. raised its position in shares of Coupang by 22.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company's stock worth $18,640,000 after purchasing an additional 138,416 shares during the period. Finally, Plotkin Financial Advisors LLC bought a new position in shares of Coupang during the 3rd quarter valued at about $491,000. 83.72% of the stock is owned by institutional investors.

Remove Ads

Insider Activity

In other news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 136,806 shares in the company, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.43, for a total value of $5,857,500.00. Following the completion of the sale, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 259,234 shares of company stock valued at $6,069,015. 13.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Mizuho raised their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Barclays set a $35.00 target price on shares of Coupang and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Coupang presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.

Coupang Stock Down 0.3 %

CPNG traded down $0.07 on Thursday, hitting $23.51. 7,658,615 shares of the company were exchanged, compared to its average volume of 8,272,684. 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 stock's fifty day moving average is $23.51 and its 200-day moving average is $23.94. The company has a market cap of $42.44 billion, a PE ratio of 41.24, a PEG ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 12 month low of $17.55 and a 12 month high of $26.91.

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.