Sei Investments Co. Buys 16,716 Shares of Coupang, Inc. (NYSE:CPNG)

Sei Investments Co. boosted its stake in shares of Coupang, Inc. (NYSE:CPNG) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,040,242 shares of the company’s stock after purchasing an additional 16,716 shares during the period. Sei Investments Co. owned about 0.11% of Coupang worth $44,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new position in shares of Coupang in the 3rd quarter worth $370,000. Intech Investment Management LLC purchased a new position in Coupang in the third quarter worth about $250,000. Charles Schwab Investment Management Inc. grew its stake in shares of Coupang by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock valued at $18,640,000 after purchasing an additional 138,416 shares during the period. Cerity Partners LLC purchased a new stake in shares of Coupang during the 3rd quarter valued at about $490,000. Finally, Summit Trail Advisors LLC lifted its stake in shares of Coupang by 2.0% in the 3rd quarter. Summit Trail Advisors LLC now owns 73,406 shares of the company’s stock worth $1,802,000 after purchasing an additional 1,440 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, VP Pranam Kolari sold 8,459 shares of Coupang 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the business’s 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 259,234 shares of company stock valued at $6,069,015. Corporate insiders own 13.60% of the company’s stock.

Coupang Price Performance

Shares of Coupang stock opened at $23.57 on Tuesday. 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. The stock’s 50-day simple moving average is $23.44 and its 200-day simple moving average is $23.94. The company has a market capitalization of $42.55 billion, a price-to-earnings ratio of 41.35, a PEG ratio of 52.20 and a beta of 1.10.

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.