Coupang, Inc. (NYSE:CPNG) Stock Holdings Trimmed by Sapient Capital LLC

Sapient Capital LLC lessened its position in shares of Coupang, Inc. (NYSE:CPNG) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,334 shares of the company’s stock after selling 4,926 shares during the period. Sapient Capital LLC’s holdings in Coupang were worth $3,172,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPNG. FMR LLC lifted its holdings in Coupang by 32.0% in the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after acquiring an additional 6,584,910 shares during the last quarter. State Street Corp lifted its holdings in shares of Coupang by 1.9% in the 3rd 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 last quarter. Wellington Management Group LLP boosted its position in Coupang by 43.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock valued at $211,868,000 after purchasing an additional 2,603,046 shares during the period. Coronation Fund Managers Ltd. grew its stake in Coupang by 53.3% during the 4th quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock worth $162,292,000 after buying an additional 2,566,581 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Coupang by 0.5% in the third quarter. Geode Capital Management LLC now owns 5,885,243 shares of the company’s stock worth $144,483,000 after buying an additional 29,164 shares during the period. 83.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction 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 sale, the vice president now owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. The trade was a 5.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coupang has a consensus rating of “Moderate Buy” and a consensus target price of $27.56.

Coupang Price Performance

Shares of NYSE CPNG opened at $23.78 on Tuesday. The stock has a market cap of $42.78 billion, a P/E ratio of 41.72, a P/E/G ratio of 43.21 and a beta of 1.11. The firm’s 50-day simple moving average is $22.92 and its 200 day simple moving average is $23.56. Coupang, Inc. has a fifty-two week low of $14.48 and a fifty-two week high of $26.91. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

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.