Coupang, Inc. (NYSE:CPNG) Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP trimmed its stake in shares of Coupang, Inc. (NYSE:CPNG) by 75.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,771 shares of the company’s stock after selling 68,920 shares during the period. Greenland Capital Management LP’s holdings in Coupang were worth $501,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Janus Henderson Group PLC lifted its stake in Coupang by 2.2% in the 3rd quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after buying an additional 747 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Coupang by 22.4% in the third quarter. Stifel Financial Corp now owns 563,420 shares of the company’s stock valued at $13,832,000 after acquiring an additional 103,167 shares in the last quarter. State Street Corp boosted its stake in shares of Coupang by 1.9% in the third quarter. State Street Corp now owns 14,125,599 shares of the company’s stock worth $346,783,000 after acquiring an additional 259,400 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Coupang by 14.1% during the third quarter. Orion Portfolio Solutions LLC now owns 15,146 shares of the company’s stock worth $372,000 after purchasing an additional 1,875 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Coupang during the third quarter worth approximately $2,515,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of several recent research reports. Citigroup lowered their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays set a $35.00 price target on shares of Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Mizuho increased their price objective on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.17.

Coupang Stock Up 0.0 %

Shares of NYSE CPNG opened at $19.77 on Wednesday. The company has a market capitalization of $35.69 billion, a P/E ratio of 34.68, a P/E/G ratio of 52.20 and a beta of 1.09. 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 company has a 50 day simple moving average of $23.27 and a 200-day simple moving average of $23.77. Coupang, Inc. has a 1 year low of $18.16 and a 1 year high of $26.91.

Insider Buying and Selling

In other 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was 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. This represents a 12.69 % 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 company insiders.

Coupang 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.