Coupang, Inc. (NYSE:CPNG) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC reduced its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 38.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,758 shares of the company's stock after selling 56,515 shares during the period. Grandeur Peak Global Advisors LLC's holdings in Coupang were worth $1,995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its holdings in shares of 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 acquiring an additional 506,622 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Coupang by 23.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 218,100 shares of the company's stock valued at $4,861,000 after purchasing an additional 41,384 shares during the last quarter. Elevate Capital Advisors LLC purchased a new position in Coupang in the 4th quarter valued at about $2,618,000. New York Life Investment Management LLC purchased a new position in Coupang in the 4th quarter valued at about $349,000. Finally, Ninety One UK Ltd acquired a new stake in shares of Coupang during the 4th quarter worth about $46,388,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Coupang Trading Down 0.3 %

Coupang stock traded down $0.06 during midday trading on Tuesday, reaching $21.48. The stock had a trading volume of 6,585,731 shares, compared to its average volume of 8,128,730. The stock's 50-day simple moving average is $23.05 and its 200 day simple moving average is $23.66. Coupang, Inc. has a twelve month low of $18.16 and a twelve month high of $26.91. 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 has a market capitalization of $38.77 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09.

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Insider Transactions at Coupang

In related news, Director Benjamin Sun sold 250,000 shares of the company'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 of the company's stock, valued at approximately $40,286,034.03. This represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of the transaction, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research note on Wednesday, February 26th. Mizuho increased their price target 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 price objective on Coupang and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Citigroup reduced their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

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.