Wellington Management Group LLP lowered its position in Coupang, Inc. (NYSE:CPNG - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,630,105 shares of the company's stock after selling 999,953 shares during the quarter. Wellington Management Group LLP owned about 0.42% of Coupang worth $167,710,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Wingate Wealth Advisors Inc. purchased a new stake in Coupang in the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC bought a new position in shares of Coupang in the 4th quarter worth $31,000. Allworth Financial LP raised its position in shares of Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after buying an additional 1,986 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after acquiring an additional 822 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in Coupang in the fourth quarter worth $80,000. Institutional investors own 83.72% of the company's stock.
Insider Buying and Selling
In other Coupang 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by insiders.
Coupang Trading Down 1.7 %
Coupang stock traded down $0.35 during trading hours on Monday, reaching $19.71. The company had a trading volume of 15,402,976 shares, compared to its average volume of 8,448,940. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $26.91. The company has a 50-day moving average price of $23.40 and a 200 day moving average price of $23.83. The firm has a market cap of $35.59 billion, a price-to-earnings ratio of 34.59, a P/E/G ratio of 52.20 and a beta of 1.09.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CPNG shares. Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research report on Wednesday, February 26th. Mizuho raised their price objective on Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Citigroup dropped their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Finally, Barclays set a $35.00 price target on shares of Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.17.
Check Out Our Latest Analysis on Coupang
About Coupang
(
Free Report)
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.
See Also
Before you consider Coupang, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coupang wasn't on the list.
While Coupang currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
