Sequoia Financial Advisors LLC decreased its holdings in shares of Coupang, Inc. (NYSE:CPNG – Free Report) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,829 shares of the company’s stock after selling 5,169 shares during the period. Sequoia Financial Advisors LLC’s holdings in Coupang were worth $1,469,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of CPNG. Brooklyn Investment Group purchased a new position in Coupang in the third quarter worth $28,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Coupang during the 4th quarter worth $26,000. Berbice Capital Management LLC purchased a new position in shares of Coupang in the 4th quarter valued at about $31,000. Allworth Financial LP boosted its holdings in Coupang by 11,033.3% during the fourth quarter. Allworth Financial LP now owns 2,004 shares of the company’s stock worth $45,000 after buying an additional 1,986 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Coupang during the fourth quarter worth about $124,000. 83.72% of the stock is owned by institutional investors and hedge funds.
Coupang Price Performance
NYSE:CPNG opened at $22.49 on Friday. Coupang, Inc. has a 12-month low of $17.34 and a 12-month high of $26.91. The firm has a market cap of $40.60 billion, a price-to-earnings ratio of 39.45, a price-to-earnings-growth ratio of 52.20 and a beta of 1.10. The company’s 50-day moving average is $23.28 and its two-hundred day moving average is $23.89. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on Coupang
Insider Activity
In related news, VP Pranam Kolari sold 8,459 shares of the company’s 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 completion of 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 13.60% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Coupang
- What Are Some of the Best Large-Cap Stocks to Buy?
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Coupang Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupang and related companies with MarketBeat.com's FREE daily email newsletter.