Coupang, Inc. (NYSE:CPNG) Stock Holdings Boosted by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina increased its position in Coupang, Inc. (NYSE:CPNG) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 522,638 shares of the company’s stock after acquiring an additional 16,480 shares during the period. Treasurer of the State of North Carolina’s holdings in Coupang were worth $11,488,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Coupang by 2.2% in the third 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. Orion Portfolio Solutions LLC increased its position in Coupang by 14.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company’s stock valued at $372,000 after acquiring an additional 1,875 shares during the period. Geode Capital Management LLC raised its stake in Coupang by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock valued at $144,483,000 after acquiring an additional 29,164 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in Coupang by 10.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 15,517 shares of the company’s stock valued at $382,000 after acquiring an additional 1,427 shares in the last quarter. Finally, Advisory Resource Group boosted its position in Coupang by 1.9% during the 3rd quarter. Advisory Resource Group now owns 44,096 shares of the company’s stock worth $1,083,000 after acquiring an additional 823 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Coupang Stock Performance

Shares of CPNG opened at $21.68 on Friday. 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 $23.10 and its 200-day moving average is $23.69. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $26.91. The stock has a market capitalization of $39.13 billion, a P/E ratio of 38.03, a P/E/G ratio of 52.20 and a beta of 1.09.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction dated 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 transaction, the director now owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total transaction of $194,387.82. Following the sale, the vice president now directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by insiders.

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.