Coupang, Inc. (NYSE:CPNG) Stock Position Increased by Xponance Inc.

Xponance Inc. lifted its holdings in Coupang, Inc. (NYSE:CPNG - Free Report) by 7.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,459 shares of the company's stock after acquiring an additional 11,439 shares during the period. Xponance Inc.'s holdings in Coupang were worth $3,483,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CPNG. Wingate Wealth Advisors Inc. purchased a new stake in shares of Coupang during the 4th quarter valued at about $26,000. Brooklyn Investment Group acquired a new stake in Coupang in the third quarter valued at approximately $28,000. Berbice Capital Management LLC purchased a new stake in shares of Coupang during the fourth quarter valued at approximately $31,000. Allworth Financial LP lifted its position in shares of Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company's stock worth $45,000 after purchasing an additional 1,986 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Coupang by 34.7% in the fourth 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. Institutional investors and hedge funds own 83.72% of the company's stock.

Insider Activity at Coupang

In other 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 transaction of $5,857,500.00. Following the completion of the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $194,387.82. Following the completion of the sale, the vice president now directly 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. In the last ninety days, insiders have sold 259,234 shares of company stock valued at $6,069,015. Corporate insiders own 13.60% of the company's stock.

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Coupang Stock Performance

NYSE:CPNG traded down $0.17 during trading hours on Tuesday, reaching $23.42. 4,800,492 shares of the stock were exchanged, compared to its average volume of 8,314,093. The stock has a market capitalization of $42.28 billion, a P/E ratio of 41.09, a P/E/G ratio of 52.20 and a beta of 1.10. The firm has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $23.94. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a 52 week low of $17.34 and a 52 week high of $26.91.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CPNG. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Mizuho lifted their target price on Coupang from $25.00 to $27.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Citigroup cut their price target on Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays set a $35.00 price objective on Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.17.

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.