Douglass Winthrop Advisors LLC Purchases 6,623 Shares of Coupang, Inc. (NYSE:CPNG)

Douglass Winthrop Advisors LLC grew its position in Coupang, Inc. (NYSE:CPNG) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,686 shares of the company’s stock after acquiring an additional 6,623 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Coupang were worth $6,499,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CPNG. Wingate Wealth Advisors Inc. acquired a new position in shares of Coupang in the fourth quarter valued at $26,000. Brooklyn Investment Group bought a new stake in Coupang in the 3rd quarter valued at $28,000. Berbice Capital Management LLC acquired a new position in shares of Coupang in the 4th quarter valued at $31,000. Allworth Financial LP lifted its holdings in shares of Coupang by 11,033.3% during the 4th quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after acquiring an additional 1,986 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Coupang by 34.7% during the 4th quarter. Signaturefd LLC now owns 3,193 shares of the company’s stock valued at $70,000 after acquiring an additional 822 shares in the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Down 0.9 %

Shares of NYSE CPNG opened at $23.34 on Friday. Coupang, Inc. has a 12-month low of $17.34 and a 12-month high of $26.91. The firm’s 50-day simple moving average is $23.36 and its 200 day simple moving average is $23.91. 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 company has a market cap of $42.13 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction that occurred 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 transaction, the vice president now owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the 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 completion of the transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 259,234 shares of company stock worth $6,069,015. Corporate insiders own 13.60% of the company’s stock.

Analysts Set New Price Targets

CPNG has been the subject of several recent research reports. Citigroup dropped their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays set a $35.00 target price on Coupang and gave the stock an “overweight” rating in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft raised Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target on the stock in a research note on Wednesday, February 26th. Finally, Mizuho lifted their price objective on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. One investment 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, the company has a consensus 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.