Coupang, Inc. (NYSE:CPNG) Shares Sold by ArchPoint Investors

ArchPoint Investors lessened its position in shares of Coupang, Inc. (NYSE:CPNG) by 35.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,000 shares of the company’s stock after selling 7,000 shares during the quarter. ArchPoint Investors’ holdings in Coupang were worth $286,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Wingate Wealth Advisors Inc. purchased a new stake in Coupang in the fourth quarter valued at $26,000. Berbice Capital Management LLC acquired a new stake in shares of Coupang during the 4th quarter worth about $31,000. Allworth Financial LP raised its holdings in Coupang by 11,033.3% in the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after buying an additional 1,986 shares during the period. Signaturefd LLC lifted its position in 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 buying an additional 822 shares during the last quarter. Finally, Atala Financial Inc purchased a new position in Coupang during the fourth quarter worth about $80,000. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CPNG shares. Mizuho boosted their price target 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. Citigroup cut their target price on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays set a $35.00 price target on Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective for the company in a research note 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.17.

Insider Buying and Selling at Coupang

In related news, Director Benjamin Sun sold 250,000 shares of the business’s stock in a transaction on Monday, March 17th. The shares were 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 owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were 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 owns 136,806 shares in the company, valued at approximately $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 owned by corporate insiders.

Coupang Stock Down 6.6 %

Shares of NYSE CPNG opened at $20.05 on Monday. The stock has a market cap of $36.19 billion, a P/E ratio of 35.17, a PEG ratio of 52.20 and a beta of 1.09. The business’s fifty day simple moving average is $23.46 and its 200-day simple moving average is $23.87. Coupang, Inc. has a 12-month low of $18.16 and a 12-month high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

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.