American Century Companies Inc. Has $27.19 Million Stake in Coupang, Inc. (NYSE:CPNG)

American Century Companies Inc. lowered its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,236,786 shares of the company's stock after selling 290,836 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of Coupang worth $27,185,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in Coupang by 85.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company's stock worth $24,182,000 after purchasing an additional 506,622 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Coupang by 23.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock worth $4,861,000 after buying an additional 41,384 shares during the period. Elevate Capital Advisors LLC bought a new stake in shares of Coupang during the fourth quarter worth approximately $2,618,000. Charles Schwab Investment Management Inc. lifted its holdings in Coupang by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company's stock valued at $18,640,000 after buying an additional 138,416 shares during the period. Finally, Plotkin Financial Advisors LLC bought a new position in Coupang in the third quarter valued at approximately $491,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Buying and Selling at Coupang

In other news, 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 transaction of $194,387.82. Following the completion of the sale, the vice president now owns 136,806 shares of the company's stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 1,719,421 shares in the company, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Mizuho increased their price target on Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Barclays set a $35.00 target price on Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded 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. Finally, Citigroup cut their price target 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 equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Coupang has an average rating of "Moderate Buy" and an average price target of $29.17.

Coupang Stock Down 4.6 %

Shares of NYSE:CPNG traded down $1.04 during trading on Thursday, hitting $21.45. 11,792,363 shares of the company's stock traded hands, compared to its average volume of 8,405,055. The company has a 50-day moving average price of $23.51 and a 200-day moving average price of $23.90. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market cap of $38.73 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10.

About Coupang

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.