Fiducient Advisors LLC Takes Position in Coupang, Inc. (NYSE:CPNG)

Fiducient Advisors LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,168 shares of the company's stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its stake in Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock worth $253,000 after buying an additional 452 shares during the period. Angeles Wealth Management LLC grew its stake in shares of Coupang by 0.8% in the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock worth $1,211,000 after acquiring an additional 459 shares in the last quarter. IFP Advisors Inc increased its holdings in Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock worth $280,000 after purchasing an additional 469 shares during the period. Ignite Planners LLC raised its holdings in Coupang by 2.5% in the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock valued at $452,000 after acquiring an additional 483 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Coupang by 8.6% during the 4th quarter. National Bank of Canada FI now owns 6,944 shares of the company's stock worth $153,000 after purchasing an additional 548 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Buying and Selling

In related news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following 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 disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho boosted their target price on Coupang from $25.00 to $27.00 and gave the stock 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 report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective 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 for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $29.17.

Coupang Price Performance

NYSE:CPNG traded up $0.15 during trading hours on Friday, reaching $21.38. 4,110,480 shares of the company traded hands, compared to its average volume of 7,977,893. The stock has a market cap of $38.59 billion, a P/E ratio of 37.50, a P/E/G ratio of 52.20 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The firm's 50-day moving average is $22.91 and its 200-day moving average is $23.60. Coupang, Inc. has a 1-year low of $18.16 and a 1-year high of $26.91.

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.