Coupang, Inc. (NYSE:CPNG) Shares Purchased by Leavell Investment Management Inc.

Leavell Investment Management Inc. increased its holdings in shares of Coupang, Inc. (NYSE:CPNG) by 64.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,400 shares of the company’s stock after acquiring an additional 7,200 shares during the period. Leavell Investment Management Inc.’s holdings in Coupang were worth $404,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in Coupang in the third quarter valued at $28,000. Wingate Wealth Advisors Inc. acquired a new stake in Coupang in the fourth quarter valued at $26,000. Asset Dedication LLC grew its holdings in Coupang by 438.1% in the third quarter. Asset Dedication LLC now owns 1,216 shares of the company’s stock valued at $30,000 after purchasing an additional 990 shares during the last quarter. Van ECK Associates Corp grew its holdings in Coupang by 63.1% in the third quarter. Van ECK Associates Corp now owns 1,251 shares of the company’s stock valued at $32,000 after purchasing an additional 484 shares during the last quarter. Finally, Berbice Capital Management LLC acquired a new stake in Coupang in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 83.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup lowered their target price on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Barclays increased their price objective on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.78.

Coupang Stock Performance

NYSE CPNG opened at $24.97 on Friday. The business’s 50-day moving average price is $22.93 and its 200 day moving average price is $23.59. Coupang, Inc. has a twelve month low of $14.74 and a twelve month high of $26.91. The company has a market capitalization of $44.92 billion, a PE ratio of 43.81, a price-to-earnings-growth ratio of 43.21 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Insider Buying and Selling

In related news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction dated Monday, February 3rd. The stock was 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 approximately $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 13.60% of the stock is currently owned by company insiders.

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.