Capital International Sarl Cuts Position in Coupang, Inc. (NYSE:CPNG)

Capital International Sarl cut its stake in Coupang, Inc. (NYSE:CPNG) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,107 shares of the company’s stock after selling 13,146 shares during the period. Capital International Sarl’s holdings in Coupang were worth $3,102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Coupang by 4.1% during the 4th quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after purchasing an additional 452 shares during the last quarter. Angeles Wealth Management LLC raised its position in shares of Coupang by 0.8% in the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock worth $1,211,000 after buying an additional 459 shares during the period. IFP Advisors Inc lifted its stake in shares of Coupang by 3.8% in the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock valued at $280,000 after purchasing an additional 469 shares in the last quarter. Ignite Planners LLC lifted its position in Coupang by 2.5% during the fourth 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, National Bank of Canada FI boosted its position in Coupang by 8.6% during the 4th quarter. National Bank of Canada FI now owns 6,944 shares of the company’s stock worth $153,000 after purchasing an additional 548 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the company’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 $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 13.60% of the company’s stock.

Coupang Stock Performance

Shares of CPNG opened at $21.38 on Friday. The firm has a market capitalization of $38.59 billion, a PE ratio of 37.50, a P/E/G ratio of 52.20 and a beta of 1.09. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $22.86 and a 200 day moving average price of $23.58. Coupang, Inc. has a 52-week low of $18.16 and a 52-week high of $26.91.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CPNG shares. Barclays set a $35.00 price target on Coupang and gave the stock an “overweight” rating in a report on Thursday, February 27th. Citigroup decreased their price target on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Mizuho boosted their target price 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, Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Coupang currently has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Coupang Company 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.