Privium Fund Management B.V. Sells 60,000 Shares of Coupang, Inc. (NYSE:CPNG)

Privium Fund Management B.V. trimmed its position in shares of Coupang, Inc. (NYSE:CPNG) by 29.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 141,900 shares of the company’s stock after selling 60,000 shares during the quarter. Coupang comprises 0.7% of Privium Fund Management B.V.’s holdings, making the stock its 24th biggest holding. Privium Fund Management B.V.’s holdings in Coupang were worth $3,119,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Atria Investments Inc increased its stake in shares of Coupang by 4.2% in the third quarter. Atria Investments Inc now owns 23,111 shares of the company’s stock worth $567,000 after purchasing an additional 937 shares in the last quarter. Victory Capital Management Inc. grew its stake in Coupang by 0.9% in the 3rd quarter. Victory Capital Management Inc. now owns 112,567 shares of the company’s stock valued at $2,764,000 after buying an additional 1,024 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in Coupang by 10.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 11,265 shares of the company’s stock valued at $277,000 after buying an additional 1,082 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Coupang by 5.0% during the 3rd quarter. CIBC Asset Management Inc now owns 54,709 shares of the company’s stock valued at $1,343,000 after acquiring an additional 2,604 shares during the period. Finally, Natixis Advisors LLC lifted its position in shares of Coupang by 2.7% during the third quarter. Natixis Advisors LLC now owns 571,174 shares of the company’s stock worth $14,022,000 after acquiring an additional 15,210 shares in the last quarter. 83.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the 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 transaction, the vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.60% of the stock is currently owned by company insiders.

Coupang Stock Down 2.8 %

Shares of NYSE CPNG opened at $22.87 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $23.31 and a 200-day moving average of $23.92. The firm has a market capitalization of $41.28 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 12 month low of $17.34 and a 12 month high of $26.91.

Analysts Set New Price Targets

CPNG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research report on Wednesday, February 26th. Mizuho lifted their target price on Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Citigroup lowered their price target on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays set a $35.00 price objective on shares of Coupang and gave the company an “overweight” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Coupang presently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

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.