Coupang, Inc. (NYSE:CPNG) Position Increased by Sei Investments Co.

Sei Investments Co. grew its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,040,242 shares of the company's stock after buying an additional 16,716 shares during the quarter. Sei Investments Co. owned approximately 0.11% of Coupang worth $44,845,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company's stock valued at $253,000 after buying an additional 452 shares during the last quarter. Angeles Wealth Management LLC lifted its position in Coupang by 0.8% during the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company's stock valued at $1,211,000 after purchasing an additional 459 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company's stock valued at $280,000 after acquiring an additional 469 shares during the period. Ignite Planners LLC lifted its stake in shares of Coupang by 2.5% during the 4th quarter. Ignite Planners LLC now owns 20,162 shares of the company's stock valued at $452,000 after buying an additional 483 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock valued at $850,000 after purchasing an additional 747 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently commented on CPNG shares. Mizuho increased their price target on Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded 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. 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, Citigroup cut their target price on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Coupang has a consensus rating of "Moderate Buy" and an average price target of $29.17.

Insider Activity

In related news, Director Benjamin Sun sold 250,000 shares of the company's stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 259,234 shares of company stock valued at $6,069,015. Company insiders own 13.60% of the company's stock.

Coupang Stock Down 5.1 %

Shares of NYSE:CPNG traded down $1.21 on Friday, hitting $22.32. 7,408,783 shares of the company's stock were exchanged, compared to its average volume of 8,448,424. The company has a market capitalization of $40.29 billion, a PE ratio of 39.15, a P/E/G ratio of 52.20 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13. Coupang, Inc. has a 1-year low of $17.67 and a 1-year high of $26.91. The firm's 50-day moving average is $23.51 and its 200 day moving average is $23.94.

About Coupang

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.