Coupang, Inc. (NYSE:CPNG) Shares Acquired by Advisory Resource Group

Advisory Resource Group increased its position in Coupang, Inc. (NYSE:CPNG) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,354 shares of the company’s stock after acquiring an additional 2,258 shares during the period. Advisory Resource Group’s holdings in Coupang were worth $1,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPNG. FMR LLC increased its position in Coupang by 32.0% in the 3rd quarter. FMR LLC now owns 27,153,608 shares of the company’s stock valued at $666,621,000 after acquiring an additional 6,584,910 shares during the period. State Street Corp boosted its holdings 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 valued at $346,783,000 after acquiring an additional 259,400 shares in the last quarter. Wellington Management Group LLP increased its stake 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 valued at $211,868,000 after acquiring an additional 2,603,046 shares during the period. Geode Capital Management LLC raised its holdings in Coupang by 0.5% during the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after purchasing an additional 29,164 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its stake in shares of Coupang by 139.1% in the 3rd quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock worth $118,258,000 after buying an additional 2,802,325 shares in the last quarter. 83.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, 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 report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and a consensus price target of $27.56.

Coupang Stock Performance

CPNG stock opened at $23.65 on Friday. The stock has a market cap of $42.54 billion, a P/E ratio of 41.49, a P/E/G ratio of 43.21 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. The firm has a 50 day simple moving average of $22.94 and a 200 day simple moving average of $23.50. Coupang, Inc. has a 52 week low of $14.10 and a 52 week high of $26.91.

Insider Buying and Selling at Coupang

In other Coupang news, CEO Bom Kim sold 15,000,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $22.97, for a total value of $344,550,000.00. Following the completion of the sale, the chief executive officer now owns 2,000,000 shares of the company’s stock, valued at $45,940,000. The trade was a 88.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Greenoaks Capital Partners Llc bought 687,700 shares of Coupang stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average price of $24.08 per share, with a total value of $16,559,816.00. Following the completion of the acquisition, the director now owns 52,726,423 shares in the company, valued at approximately $1,269,652,265.84. The trade was a 1.32 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 15,009,234 shares of company stock worth $344,761,515 over the last 90 days. 13.60% of the stock is currently owned by corporate insiders.

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.