Xponance Inc. Increases Stake in Coupang, Inc. (NYSE:CPNG)

Xponance Inc. increased its position in Coupang, Inc. (NYSE:CPNG) by 7.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 158,459 shares of the company’s stock after acquiring an additional 11,439 shares during the quarter. Xponance Inc.’s holdings in Coupang were worth $3,483,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CPNG. Wingate Wealth Advisors Inc. purchased a new position in Coupang during the 4th quarter valued at about $26,000. Brooklyn Investment Group purchased a new position in Coupang during the 3rd quarter valued at about $28,000. Berbice Capital Management LLC purchased a new position in Coupang during the 4th quarter valued at about $31,000. Allworth Financial LP grew its holdings in Coupang by 11,033.3% during 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 in the last quarter. Finally, Signaturefd LLC grew its holdings in 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 buying an additional 822 shares in the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Stock Performance

NYSE:CPNG opened at $23.34 on Friday. The business has a 50 day moving average of $23.36 and a 200 day moving average of $23.91. The company has a market capitalization of $42.13 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 1-year low of $17.34 and a 1-year high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Insider Buying and Selling

In related news, Director Benjamin Sun sold 250,000 shares of the business’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 value of $5,857,500.00. Following the completion of the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at $3,143,801.88. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 259,234 shares of company stock worth $6,069,015 in the last quarter. 13.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CPNG has been the subject of a number of recent analyst reports. Mizuho lifted their target price on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Citigroup reduced their target price on Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays set a $35.00 price target on Coupang and gave the company an “overweight” rating in a research report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.