Coupang, Inc. (NYSE:CPNG) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its holdings in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 28.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,054 shares of the company's stock after selling 33,143 shares during the quarter. LPL Financial LLC's holdings in Coupang were worth $1,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. purchased a new stake in shares of Coupang during the fourth quarter valued at $26,000. Berbice Capital Management LLC purchased a new stake in Coupang during the 4th quarter valued at about $31,000. Allworth Financial LP increased its holdings in shares of Coupang by 11,033.3% in 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 during the period. Signaturefd LLC lifted its holdings in shares of Coupang by 34.7% during the fourth quarter. Signaturefd LLC now owns 3,193 shares of the company's stock worth $70,000 after purchasing an additional 822 shares during the period. Finally, Atala Financial Inc purchased a new stake in Coupang in the fourth quarter valued at approximately $80,000. 83.72% of the stock is owned by institutional investors and hedge funds.

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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the subject of several research reports. Barclays set a $35.00 price objective on shares of Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a report on Wednesday, February 26th. Mizuho lifted their price objective on Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Citigroup dropped their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a 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's stock. According to data from MarketBeat.com, Coupang presently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

Coupang Price Performance

NYSE CPNG traded up $0.15 on Friday, hitting $21.38. The company had a trading volume of 4,110,480 shares, compared to its average volume of 7,956,152. 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 company's fifty day moving average price is $22.86 and its 200-day moving average price is $23.58. The company has a market capitalization of $38.59 billion, a PE ratio of 37.50, a PEG ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 12-month low of $18.16 and a 12-month 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.