Ieq Capital LLC Sells 15,797 Shares of Coupang, Inc. (NYSE:CPNG)

Ieq Capital LLC decreased its position in Coupang, Inc. (NYSE:CPNG) by 6.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 223,258 shares of the company’s stock after selling 15,797 shares during the period. Ieq Capital LLC’s holdings in Coupang were worth $4,907,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC lifted its stake in Coupang by 37.5% in the fourth quarter. Private Advisor Group LLC now owns 81,551 shares of the company’s stock valued at $1,792,000 after purchasing an additional 22,253 shares during the last quarter. Alberta Investment Management Corp lifted its stake in Coupang by 7.0% in the fourth quarter. Alberta Investment Management Corp now owns 481,908 shares of the company’s stock valued at $10,592,000 after purchasing an additional 31,423 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Coupang by 3.4% in the fourth quarter. D.A. Davidson & CO. now owns 125,539 shares of the company’s stock valued at $2,759,000 after purchasing an additional 4,166 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Coupang by 12.1% in the fourth quarter. CIBC Asset Management Inc now owns 61,305 shares of the company’s stock valued at $1,347,000 after purchasing an additional 6,596 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in Coupang by 11,033.3% in the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock valued at $45,000 after purchasing an additional 1,986 shares during the last quarter. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Coupang Trading Down 1.3 %

NYSE:CPNG opened at $24.80 on Friday. The company has a market cap of $44.60 billion, a P/E ratio of 43.50, a P/E/G ratio of 53.01 and a beta of 1.11. The stock’s fifty day moving average price is $23.10 and its two-hundred day moving average price is $23.79. Coupang, Inc. has a 1 year low of $15.81 and a 1 year 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.

Insider Buying and Selling

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 sale, the vice president now owns 136,806 shares in the company, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 13.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays upped their price objective on Coupang from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup dropped their price objective on Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Coupang currently has an average rating of “Moderate Buy” and a consensus price target of $27.78.

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.