Xponance Inc. Buys 11,439 Shares of Coupang, Inc. (NYSE:CPNG)

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPNG. Pacer Advisors Inc. increased its stake in shares of Coupang by 4.1% during the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock valued at $253,000 after buying an additional 452 shares during the period. Angeles Wealth Management LLC increased its stake in shares of Coupang by 0.8% during the fourth quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock valued at $1,211,000 after buying an additional 459 shares during the period. IFP Advisors Inc increased its stake in shares of Coupang by 3.8% during the fourth quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock valued at $280,000 after buying an additional 469 shares during the period. Ignite Planners LLC increased its stake in shares of Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock valued at $452,000 after buying an additional 483 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Coupang by 2.2% during the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock valued at $850,000 after buying an additional 747 shares during the period. Institutional investors own 83.72% of the company’s stock.

Analyst Upgrades and Downgrades

CPNG has been the topic of several recent research reports. 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 raised 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. Mizuho upped their price target 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 reduced their price target on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

Coupang Trading Down 0.9 %

NYSE CPNG opened at $23.34 on Friday. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91. The stock has a market cap of $42.13 billion, a P/E ratio of 40.94, a P/E/G ratio of 52.20 and a beta of 1.10. The stock’s fifty day moving average price is $23.36 and its 200-day moving average price is $23.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Insider Transactions at Coupang

In other news, VP Pranam Kolari sold 8,459 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total transaction of $194,387.82. Following the transaction, the vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Benjamin Sun sold 250,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 259,234 shares of company stock valued at $6,069,015. Insiders own 13.60% of the company’s stock.

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.