Coupang, Inc. (NYSE:CPNG) Shares Sold by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC lessened its position in Coupang, Inc. (NYSE:CPNG) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,889 shares of the company’s stock after selling 473 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Coupang were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in Coupang by 122.7% in the 2nd quarter. Cetera Investment Advisers now owns 65,332 shares of the company’s stock valued at $1,369,000 after buying an additional 35,992 shares during the period. Sanctuary Advisors LLC purchased a new position in Coupang in the second quarter valued at $243,000. Northwest Capital Management Inc acquired a new position in Coupang during the 3rd quarter worth $87,000. CWM LLC increased its holdings in Coupang by 31.8% during the 3rd quarter. CWM LLC now owns 177,743 shares of the company’s stock worth $4,364,000 after purchasing an additional 42,899 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Coupang by 2.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 162,396 shares of the company’s stock worth $3,987,000 after purchasing an additional 4,470 shares during the period. Institutional investors and hedge funds own 83.72% of the company’s stock.

Insider Buying and Selling at Coupang

In other Coupang news, VP Pranam Kolari sold 8,459 shares of the company’s 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 completion of the transaction, the vice president now owns 136,806 shares in the company, 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 SEC, which is available at this hyperlink. 13.60% of the stock is currently owned by insiders.

Coupang Price Performance

Shares of NYSE CPNG opened at $23.65 on Monday. The stock’s 50-day simple moving average is $22.94 and its 200-day simple moving average is $23.53. The firm has a market capitalization of $42.54 billion, a PE ratio of 41.49, a price-to-earnings-growth ratio of 43.21 and a beta of 1.11. Coupang, Inc. has a fifty-two week low of $14.10 and a fifty-two week high of $26.91. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 1.13.

Analysts Set New Price Targets

Separately, Citigroup decreased their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating for the company 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.