Vanguard Group Inc. lifted its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,366,214 shares of the company's stock after buying an additional 54,364 shares during the period. Vanguard Group Inc. owned about 0.30% of Coupang worth $117,949,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in Coupang by 2.2% during the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company's stock worth $850,000 after acquiring an additional 747 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Coupang by 22.4% in the third quarter. Stifel Financial Corp now owns 563,420 shares of the company's stock worth $13,832,000 after purchasing an additional 103,167 shares during the last quarter. State Street Corp increased its holdings in Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company's stock valued at $346,783,000 after purchasing an additional 259,400 shares during the period. Orion Portfolio Solutions LLC raised its position in Coupang by 14.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company's stock worth $372,000 after purchasing an additional 1,875 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Coupang during the 3rd quarter worth about $2,515,000. 83.72% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other Coupang news, VP Pranam Kolari sold 8,459 shares of the business'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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The shares were 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 in the company, valued at $40,286,034.03. This represents a 12.69 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company's stock.
Coupang Stock Up 3.2 %
Shares of CPNG traded up $0.68 during trading hours on Friday, reaching $21.68. The stock had a trading volume of 7,582,940 shares, compared to its average volume of 8,227,215. The firm has a 50-day simple moving average of $23.10 and a 200 day simple moving average of $23.68. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $39.13 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 52.20 and a beta of 1.09.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on CPNG shares. Barclays set a $35.00 price target on Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target for the company in a report on Wednesday, February 26th. Mizuho upped their price objective on shares of Coupang from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.17.
Check Out Our Latest Analysis on CPNG
About Coupang
(
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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