Fiducient Advisors LLC Purchases Shares of 27,168 Coupang, Inc. (NYSE:CPNG)

Fiducient Advisors LLC purchased a new position in Coupang, Inc. (NYSE:CPNG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 27,168 shares of the company’s stock, valued at approximately $597,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Coupang in the fourth quarter worth about $404,896,000. Coronation Fund Managers Ltd. increased its stake in Coupang by 53.3% in the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock worth $162,292,000 after acquiring an additional 2,566,581 shares during the last quarter. FMR LLC raised its holdings in shares of Coupang by 9.1% during the 4th quarter. FMR LLC now owns 29,619,581 shares of the company’s stock worth $651,038,000 after acquiring an additional 2,465,973 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Coupang during the 4th quarter valued at approximately $46,388,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Coupang in the fourth quarter valued at $35,580,000. Institutional investors own 83.72% of the company’s stock.

Coupang Trading Up 3.2 %

CPNG opened at $21.68 on Friday. 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’s 50 day moving average price is $23.10 and its 200-day moving average price is $23.69. Coupang, Inc. has a one year low of $18.16 and a one year high of $26.91. The stock has a market cap of $39.13 billion, a price-to-earnings ratio of 38.03, a P/E/G ratio of 52.20 and a beta of 1.09.

Analyst Ratings Changes

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

Insider Activity at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of Coupang stock in a transaction dated Monday, February 3rd. The shares were 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 owns 136,806 shares in the company, valued at $3,143,801.88. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at approximately $40,286,034.03. This trade 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 owned by company 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.