Privium Fund Management B.V. reduced its stake in Coupang, Inc. (NYSE:CPNG - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,900 shares of the company's stock after selling 60,000 shares during the period. Coupang accounts for about 0.7% of Privium Fund Management B.V.'s investment portfolio, making the stock its 24th biggest holding. Privium Fund Management B.V.'s holdings in Coupang were worth $3,119,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Atria Investments Inc boosted its position in shares of Coupang by 4.2% in the third quarter. Atria Investments Inc now owns 23,111 shares of the company's stock worth $567,000 after buying an additional 937 shares during the period. Victory Capital Management Inc. boosted its stake in Coupang by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 112,567 shares of the company's stock valued at $2,764,000 after purchasing an additional 1,024 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Coupang by 10.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,265 shares of the company's stock valued at $277,000 after buying an additional 1,082 shares during the last quarter. CIBC Asset Management Inc increased its position in Coupang by 5.0% in the 3rd quarter. CIBC Asset Management Inc now owns 54,709 shares of the company's stock worth $1,343,000 after buying an additional 2,604 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of Coupang by 2.7% in the third quarter. Natixis Advisors LLC now owns 571,174 shares of the company's stock valued at $14,022,000 after acquiring an additional 15,210 shares during the period. Institutional investors and hedge funds own 83.72% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on the company. Citigroup reduced their target price on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. 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 note on Wednesday, February 26th. Mizuho raised their price objective on shares of Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Barclays set a $35.00 target price on Coupang and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.17.
Get Our Latest Report on Coupang
Coupang Stock Performance
CPNG traded up $0.05 on Friday, reaching $23.36. The company had a trading volume of 5,691,917 shares, compared to its average volume of 8,327,455. The company's fifty day moving average is $23.40 and its 200 day moving average is $23.93. The stock has a market cap of $42.17 billion, a P/E ratio of 40.97, a P/E/G ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a fifty-two week low of $17.34 and a fifty-two week 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.
Insiders Place Their Bets
In other Coupang news, VP Pranam Kolari sold 8,459 shares of the firm's stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 259,234 shares of company stock worth $6,069,015 in the last 90 days. Company insiders own 13.60% of the company's stock.
About Coupang
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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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