Coupang, Inc. (NYSE:CPNG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP reduced its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 11.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,630,105 shares of the company’s stock after selling 999,953 shares during the period. Wellington Management Group LLP owned approximately 0.42% of Coupang worth $167,710,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Intech Investment Management LLC purchased a new position in shares of Coupang in the 3rd quarter valued at approximately $250,000. Charles Schwab Investment Management Inc. grew its position in Coupang by 22.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock valued at $18,640,000 after buying an additional 138,416 shares during the last quarter. Cerity Partners LLC purchased a new position in Coupang in the 3rd quarter valued at $490,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Coupang by 8.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,247,757 shares of the company’s stock worth $30,632,000 after buying an additional 92,463 shares during the last quarter. Finally, Verition Fund Management LLC lifted its stake in shares of Coupang by 96.6% in the 3rd quarter. Verition Fund Management LLC now owns 121,205 shares of the company’s stock worth $2,976,000 after acquiring an additional 59,561 shares during the period. 83.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of Coupang 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 transaction, the vice president now owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 13.60% of the company’s stock.

Analyst Ratings Changes

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

Coupang Stock Performance

Shares of CPNG stock opened at $22.51 on Thursday. The stock has a fifty day moving average price of $23.52 and a 200 day moving average price of $23.91. 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 stock has a market cap of $40.64 billion, a PE ratio of 39.49, a P/E/G ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 1 year low of $18.14 and a 1 year high of $26.91.

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.