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

Cohen Capital Management Inc. lowered its position in shares of Coupang, Inc. (NYSE:CPNG) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,209 shares of the company’s stock after selling 5,769 shares during the quarter. Cohen Capital Management Inc.’s holdings in Coupang were worth $5,170,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after buying an additional 6,584,910 shares in the last quarter. State Street Corp raised its position in shares of Coupang by 1.9% during the third quarter. State Street Corp now owns 14,125,599 shares of the company’s stock worth $346,783,000 after purchasing an additional 259,400 shares during the period. Wellington Management Group LLP raised its position in shares of Coupang by 43.2% during the third quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after purchasing an additional 2,603,046 shares during the period. Coronation Fund Managers Ltd. lifted its holdings in shares of Coupang by 53.3% during the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock valued at $162,292,000 after purchasing an additional 2,566,581 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Coupang by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock valued at $144,483,000 after purchasing an additional 29,164 shares during the period. 83.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $194,387.82. Following the completion of the sale, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on CPNG. Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays upped their price target on shares of Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.78.

Coupang Stock Performance

CPNG stock opened at $24.80 on Friday. The firm has a 50 day simple moving average of $23.10 and a 200 day simple moving average of $23.82. Coupang, Inc. has a 52 week low of $15.81 and a 52 week high of $26.91. The stock has a market cap of $44.60 billion, a P/E ratio of 43.50, a P/E/G ratio of 52.20 and a beta of 1.11. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

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.