Advisory Resource Group Has $1.02 Million Holdings in Coupang, Inc. (NYSE:CPNG)

Advisory Resource Group grew its holdings in Coupang, Inc. (NYSE:CPNG) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,354 shares of the company’s stock after purchasing an additional 2,258 shares during the quarter. Advisory Resource Group’s holdings in Coupang were worth $1,019,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Brooklyn Investment Group acquired a new position in shares of Coupang during the third quarter worth approximately $28,000. Asset Dedication LLC lifted its stake in shares of Coupang by 438.1% during the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after acquiring an additional 990 shares during the period. Berbice Capital Management LLC bought a new position in Coupang in the fourth quarter valued at about $31,000. Van ECK Associates Corp raised its holdings in Coupang by 63.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock worth $32,000 after purchasing an additional 484 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Coupang by 330.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,687 shares of the company’s stock valued at $41,000 after purchasing an additional 1,295 shares during the last quarter. Institutional investors own 83.72% of the company’s stock.

Insider Activity

In other news, CEO Bom Kim sold 15,000,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $22.97, for a total transaction of $344,550,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,000,000 shares in the company, valued at $45,940,000. This represents a 88.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 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. Insiders have sold a total of 15,009,234 shares of company stock worth $344,761,515 over the last three months. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup reduced their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.56.

Coupang Stock Down 0.9 %

Shares of CPNG stock opened at $23.65 on Friday. The company has a market capitalization of $42.54 billion, a price-to-earnings ratio of 41.49, a P/E/G ratio of 43.21 and a beta of 1.11. Coupang, Inc. has a 12-month low of $14.10 and a 12-month high of $26.91. The firm has a fifty day moving average of $22.94 and a 200-day moving average of $23.50. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28.

Coupang Profile

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.