Coupang, Inc. (NYSE:CPNG) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC lowered its holdings in Coupang, Inc. (NYSE:CPNG) by 27.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,010 shares of the company’s stock after selling 20,396 shares during the period. Summit Trail Advisors LLC’s holdings in Coupang were worth $1,165,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CPNG. Assenagon Asset Management S.A. boosted its stake in shares of Coupang by 85.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,100,183 shares of the company’s stock valued at $24,182,000 after purchasing an additional 506,622 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Coupang by 22.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,286 shares of the company’s stock valued at $18,640,000 after purchasing an additional 138,416 shares during the period. abrdn plc boosted its stake in shares of Coupang by 40.2% in the third quarter. abrdn plc now owns 202,359 shares of the company’s stock valued at $4,968,000 after purchasing an additional 58,060 shares during the period. Plotkin Financial Advisors LLC purchased a new position in shares of Coupang in the third quarter valued at $491,000. Finally, Coronation Fund Managers Ltd. boosted its stake in shares of Coupang by 139.1% in the third quarter. Coronation Fund Managers Ltd. now owns 4,817,030 shares of the company’s stock valued at $118,258,000 after purchasing an additional 2,802,325 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Trading Up 0.4 %

NYSE CPNG opened at $23.85 on Wednesday. Coupang, Inc. has a 12 month low of $14.48 and a 12 month high of $26.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. The company has a market capitalization of $42.89 billion, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 43.21 and a beta of 1.11. The company’s fifty day moving average price is $22.92 and its two-hundred day moving average price is $23.58.

Insider Buying and Selling at Coupang

In other Coupang news, 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 transaction 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. This represents a 5.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their target price 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $27.56.

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.