Klingman & Associates LLC trimmed its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,712 shares of the company's stock after selling 11,892 shares during the period. Klingman & Associates LLC's holdings in Coupang were worth $1,049,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its stake in Coupang by 3.4% during the 4th quarter. D.A. Davidson & CO. now owns 125,539 shares of the company's stock valued at $2,759,000 after acquiring an additional 4,166 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Coupang by 12.1% during the fourth quarter. CIBC Asset Management Inc now owns 61,305 shares of the company's stock worth $1,347,000 after purchasing an additional 6,596 shares during the period. Allworth Financial LP grew its position in Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock valued at $45,000 after purchasing an additional 1,986 shares in the last quarter. Rhumbline Advisers increased its stake in Coupang by 3.5% in the 4th quarter. Rhumbline Advisers now owns 1,820,209 shares of the company's stock valued at $40,008,000 after buying an additional 62,204 shares during the period. Finally, V Square Quantitative Management LLC increased its stake in Coupang by 39.3% in the 4th quarter. V Square Quantitative Management LLC now owns 9,417 shares of the company's stock valued at $206,000 after buying an additional 2,656 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
CPNG has been the topic of several research analyst reports. Barclays boosted their price target on shares of Coupang from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Citigroup reduced their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating for the company 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.78.
Check Out Our Latest Stock Analysis on Coupang
Insider Activity
In other news, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction on 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.60% of the stock is currently owned by insiders.
Coupang Stock Down 1.3 %
Coupang stock traded down $0.34 during mid-day trading on Friday, hitting $24.80. 7,699,497 shares of the company's stock were exchanged, compared to its average volume of 7,530,991. Coupang, Inc. has a 1-year low of $15.81 and a 1-year high of $26.91. The stock has a 50 day moving average of $23.08 and a two-hundred day moving average of $23.76. 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 stock has a market cap of $44.60 billion, a P/E ratio of 43.50, a P/E/G ratio of 53.01 and a beta of 1.11.
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.
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