Level Four Advisory Services LLC Takes $264,000 Position in Coupang, Inc. (NYSE:CPNG)

Level Four Advisory Services LLC acquired a new position in Coupang, Inc. (NYSE:CPNG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,016 shares of the company’s stock, valued at approximately $264,000.

A number of other institutional investors also recently bought and sold shares of CPNG. Norges Bank purchased a new stake in Coupang in the fourth quarter worth about $404,896,000. Anthracite Investment Company Inc. bought a new position in shares of Coupang during the 4th quarter valued at approximately $2,143,000. Banco BTG Pactual S.A. purchased a new stake in Coupang in the 4th quarter worth approximately $401,000. Congress Wealth Management LLC DE raised its stake in Coupang by 97.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 49,698 shares of the company’s stock worth $1,092,000 after acquiring an additional 24,554 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Coupang by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,366,214 shares of the company’s stock valued at $117,949,000 after purchasing an additional 54,364 shares in the last quarter. 83.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPNG shares. 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 note on Wednesday, January 8th. Barclays set a $35.00 price target on Coupang and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price objective on the stock in a research report on Wednesday, February 26th. Finally, Mizuho increased their target price on Coupang from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Insider Activity at Coupang

In other Coupang news, Director Benjamin Sun sold 250,000 shares of the stock in a transaction on 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 transaction, the director now owns 1,719,421 shares in the company, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Pranam Kolari sold 8,459 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was 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 approximately $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 259,234 shares of company stock valued at $6,069,015. Insiders own 13.60% of the company’s stock.

Coupang Trading Up 1.2 %

Shares of Coupang stock opened at $22.20 on Wednesday. Coupang, Inc. has a twelve month low of $17.67 and a twelve month 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. The business has a 50-day moving average price of $23.51 and a 200-day moving average price of $23.92. The firm has a market cap of $40.07 billion, a price-to-earnings ratio of 38.94, a PEG ratio of 52.20 and a beta of 1.10.

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.