Coupang, Inc. (NYSE:CPNG) Shares Sold by Quaker Capital Investments LLC

Quaker Capital Investments LLC decreased its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 937,619 shares of the company's stock after selling 337,699 shares during the quarter. Coupang comprises about 7.7% of Quaker Capital Investments LLC's investment portfolio, making the stock its 7th largest holding. Quaker Capital Investments LLC owned about 0.05% of Coupang worth $20,609,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wingate Wealth Advisors Inc. acquired a new stake in shares of Coupang in the 4th quarter worth approximately $26,000. Berbice Capital Management LLC bought a new position in Coupang during the 4th quarter valued at $31,000. Allworth Financial LP boosted its stake in Coupang by 11,033.3% during the 4th 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. Signaturefd LLC increased its position in shares of Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company's stock valued at $70,000 after purchasing an additional 822 shares during the period. Finally, Atala Financial Inc bought a new stake in shares of Coupang in the 4th quarter worth $80,000. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Activity

In other news, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade 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 this link. Also, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares of the company's stock, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays set a $35.00 target price on Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. Citigroup lowered their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Mizuho lifted their price target on shares of Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Coupang currently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

Coupang Stock Up 0.7 %

Coupang stock traded up $0.15 during mid-day trading on Friday, hitting $21.38. The company's stock had a trading volume of 4,110,480 shares, compared to its average volume of 7,956,152. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $26.91. The company has a market cap of $38.59 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 52.20 and a beta of 1.09. 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 firm's 50 day moving average is $22.86 and its 200 day moving average is $23.58.

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.