Coupang, Inc. (NYSE:CPNG) Stock Position Cut by Ceera Investments LLC

Ceera Investments LLC lessened its stake in Coupang, Inc. (NYSE:CPNG) by 0.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 162,951 shares of the company’s stock after selling 1,544 shares during the period. Coupang accounts for 1.2% of Ceera Investments LLC’s portfolio, making the stock its 29th biggest holding. Ceera Investments LLC’s holdings in Coupang were worth $3,582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPNG. Creative Planning grew its position in Coupang by 27.6% in the 3rd quarter. Creative Planning now owns 14,407 shares of the company’s stock valued at $354,000 after buying an additional 3,117 shares in the last quarter. Van ECK Associates Corp grew its position in Coupang by 63.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after buying an additional 484 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in Coupang in the 3rd quarter valued at about $205,000. Leavell Investment Management Inc. acquired a new stake in Coupang in the 3rd quarter valued at about $275,000. Finally, Atria Investments Inc lifted its holdings in Coupang by 4.2% in the 3rd quarter. Atria Investments Inc now owns 23,111 shares of the company’s stock valued at $567,000 after acquiring an additional 937 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of research analyst reports. 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 report on Wednesday, February 26th. Mizuho upped their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Barclays set a $35.00 price target on shares of Coupang and gave the company an “overweight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. This represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 13.60% of the company’s stock.

Coupang Price Performance

CPNG stock opened at $22.73 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. Coupang, Inc. has a one year low of $17.34 and a one year high of $26.91. The firm has a market capitalization of $40.88 billion, a PE ratio of 39.87, a P/E/G ratio of 52.20 and a beta of 1.10. The firm has a 50-day moving average of $23.28 and a two-hundred day moving average of $23.91.

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.