Capital International Sarl Sells 13,146 Shares of Coupang, Inc. (NYSE:CPNG)

Capital International Sarl decreased its position in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,107 shares of the company's stock after selling 13,146 shares during the period. Capital International Sarl's holdings in Coupang were worth $3,102,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CPNG. FMR LLC increased its position in shares of Coupang by 9.1% in the fourth quarter. FMR LLC now owns 29,619,581 shares of the company's stock valued at $651,038,000 after acquiring an additional 2,465,973 shares during the period. Dodge & Cox increased its holdings in Coupang by 0.6% during the 4th quarter. Dodge & Cox now owns 20,229,320 shares of the company's stock valued at $444,640,000 after purchasing an additional 123,900 shares during the period. Norges Bank bought a new position in Coupang during the 4th quarter valued at approximately $404,896,000. Coronation Fund Managers Ltd. grew its position in shares of 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 buying an additional 2,566,581 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Coupang by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 6,126,268 shares of the company's stock worth $134,655,000 after buying an additional 241,025 shares during the last quarter. Institutional investors own 83.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on CPNG. Citigroup dropped their price target on 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 target price on Coupang and gave the stock an "overweight" rating in a report on Thursday, February 27th. Mizuho upgraded Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Coupang from a "hold" rating to a "buy" rating and set a $28.50 price objective for the company in a 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 company's stock. According to MarketBeat, Coupang currently has an average rating of "Moderate Buy" and an average target price of $29.17.

Insider Buying and Selling

In other Coupang news, Director Benjamin Sun sold 250,000 shares of Coupang stock in a transaction that occurred 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 completion of the sale, the director now owns 1,719,421 shares of the company's stock, valued at approximately $40,286,034.03. The trade was a 12.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Pranam Kolari sold 8,459 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now directly owns 136,806 shares in the company, valued at $3,143,801.88. The trade was a 5.82 % 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 Stock Up 2.6 %

NYSE:CPNG traded up $0.60 on Thursday, reaching $23.17. 3,870,509 shares of the stock traded hands, compared to its average volume of 8,098,686. The company's fifty day simple moving average is $22.69 and its 200 day simple moving average is $23.53. The company has a market capitalization of $41.82 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 52.20 and a beta of 1.09. Coupang, Inc. has a 12 month low of $18.16 and a 12 month high of $26.91. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

About Coupang

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.