Coupang, Inc. (NYSE:CPNG) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 556,622 shares of the company's stock after selling 14,552 shares during the quarter. Natixis Advisors LLC's holdings in Coupang were worth $12,235,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Atala Financial Inc bought a new position in Coupang in the 4th quarter valued at $80,000. Daiwa Securities Group Inc. grew its position in Coupang by 10.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 19,032 shares of the company's stock valued at $418,000 after acquiring an additional 1,725 shares during the last quarter. Barings LLC grew its position in Coupang by 22.1% in the 4th quarter. Barings LLC now owns 51,786 shares of the company's stock valued at $1,138,000 after acquiring an additional 9,390 shares during the last quarter. Amundi grew its position in Coupang by 34.5% in the 4th quarter. Amundi now owns 377,879 shares of the company's stock valued at $8,419,000 after acquiring an additional 96,848 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Coupang by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 250,354 shares of the company's stock valued at $5,503,000 after acquiring an additional 10,119 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CPNG. Deutsche Bank Aktiengesellschaft raised Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. Citigroup dropped their price target on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock 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 research report on Thursday, February 27th. Finally, Mizuho increased their price target on Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Coupang currently has a consensus rating of "Moderate Buy" and an average price target of $29.17.

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Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the firm'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 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction dated 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 owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 259,234 shares of company stock worth $6,069,015. 13.60% of the stock is owned by insiders.

Coupang Stock Up 0.2 %

Coupang stock traded up $0.05 during midday trading on Friday, reaching $23.36. The company's stock had a trading volume of 5,691,917 shares, compared to its average volume of 8,327,455. The stock's 50-day simple moving average is $23.40 and its 200-day simple moving average is $23.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 52-week low of $17.34 and a 52-week high of $26.91. The stock has a market capitalization of $42.17 billion, a P/E ratio of 40.97, a PEG ratio of 52.20 and a beta of 1.10.

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.