Coupang, Inc. (NYSE:CPNG) Shares Purchased by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its stake in shares of Coupang, Inc. (NYSE:CPNG - Free Report) by 473.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,478 shares of the company's stock after buying an additional 57,368 shares during the period. Integrated Wealth Concepts LLC's holdings in Coupang were worth $1,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kerrisdale Advisers LLC bought a new position in shares of Coupang in the fourth quarter valued at approximately $1,790,000. White Oak Capital Partners Pte. Ltd. acquired a new position in Coupang during the 4th quarter valued at about $512,000. Pinebridge Investments L.P. lifted its holdings in Coupang by 53.5% in the fourth quarter. Pinebridge Investments L.P. now owns 90,187 shares of the company's stock valued at $1,982,000 after buying an additional 31,423 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Coupang by 29.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 75,686,648 shares of the company's stock worth $1,663,594,000 after purchasing an additional 17,123,637 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Coupang during the fourth quarter worth $726,000. Hedge funds and other institutional investors own 83.72% of the company's stock.

Analyst Upgrades and Downgrades

CPNG has been the subject of several research analyst reports. Citigroup decreased their price objective on Coupang from $31.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a "hold" rating to a "buy" rating and set a $28.50 target price for the company in a research note on Wednesday, February 26th. Mizuho raised Coupang to a "hold" rating in a research report on Friday, April 18th. Finally, Barclays set a $35.00 target price on shares of Coupang and gave the company an "overweight" rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $29.17.

Coupang Stock Performance

Shares of NYSE:CPNG traded up $0.64 during mid-day trading on Friday, reaching $24.11. 5,618,806 shares of the company traded hands, compared to its average volume of 7,727,665. Coupang, Inc. has a 52 week low of $18.16 and a 52 week high of $26.91. The firm has a market cap of $43.53 billion, a PE ratio of 42.30, a PEG ratio of 52.20 and a beta of 1.09. The company's 50 day moving average price is $22.49 and its 200-day moving average price is $23.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86.

Insider Buying and Selling

In other news, Director Benjamin Sun sold 250,000 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the transaction, the director now owns 1,719,421 shares in the company, valued at approximately $40,286,034.03. This trade represents a 12.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Pranam Kolari sold 8,459 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value 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. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. 13.60% of the stock is currently owned by company insiders.

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.