Level Four Advisory Services LLC Acquires Shares of 12,016 Coupang, Inc. (NYSE:CPNG)

Level Four Advisory Services LLC bought a new position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,016 shares of the company's stock, valued at approximately $264,000.

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Coupang in the fourth quarter valued at approximately $404,896,000. State Street Corp raised its holdings in Coupang by 1.9% in the 3rd quarter. State Street Corp now owns 14,125,599 shares of the company's stock worth $346,783,000 after acquiring an additional 259,400 shares during the period. Wellington Management Group LLP lifted its position in Coupang by 43.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company's stock worth $211,868,000 after acquiring an additional 2,603,046 shares during the last quarter. Coronation Fund Managers Ltd. boosted its holdings in Coupang by 53.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company's stock valued at $162,292,000 after acquiring an additional 2,566,581 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company's stock valued at $144,483,000 after purchasing an additional 29,164 shares during the last quarter. 83.72% of the stock is currently owned by institutional investors.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value 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 approximately $40,286,034.03. This represents 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.

Remove Ads

Analyst Ratings Changes

Several equities analysts recently weighed in on CPNG shares. Citigroup cut 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. Barclays set a $35.00 price target on Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. Mizuho raised their price objective on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.17.

Coupang Stock Performance

CPNG traded down $1.42 during trading on Friday, reaching $20.05. 13,872,084 shares of the company's stock were exchanged, compared to its average volume of 8,415,604. The company has a market capitalization of $36.19 billion, a P/E ratio of 35.17, a PEG ratio of 52.20 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $23.46 and a 200 day moving average price of $23.87. Coupang, Inc. has a fifty-two week low of $18.16 and a fifty-two week 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.