Anthracite Investment Company Inc. Takes Position in Coupang, Inc. (NYSE:CPNG)

Anthracite Investment Company Inc. purchased a new position in shares of Coupang, Inc. (NYSE:CPNG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 97,500 shares of the company’s stock, valued at approximately $2,143,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in shares of Coupang by 4.1% in the fourth quarter. Pacer Advisors Inc. now owns 11,502 shares of the company’s stock worth $253,000 after acquiring an additional 452 shares in the last quarter. Angeles Wealth Management LLC raised its position in shares of Coupang by 0.8% in the 4th quarter. Angeles Wealth Management LLC now owns 55,074 shares of the company’s stock valued at $1,211,000 after purchasing an additional 459 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of Coupang by 3.8% during the 4th quarter. IFP Advisors Inc now owns 12,734 shares of the company’s stock valued at $280,000 after buying an additional 469 shares during the last quarter. Ignite Planners LLC grew its position in shares of Coupang by 2.5% during the fourth quarter. Ignite Planners LLC now owns 20,162 shares of the company’s stock worth $452,000 after buying an additional 483 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Coupang by 2.2% in the third quarter. Janus Henderson Group PLC now owns 34,598 shares of the company’s stock worth $850,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

Coupang Stock Performance

Shares of NYSE CPNG opened at $23.42 on Wednesday. The stock has a 50 day simple moving average of $23.47 and a 200-day simple moving average of $23.95. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The company has a market cap of $42.28 billion, a PE ratio of 41.09, a P/E/G ratio of 52.20 and a beta of 1.10. Coupang, Inc. has a 12-month low of $17.55 and a 12-month high of $26.91.

Insider Buying and Selling

In other news, Director Benjamin Sun sold 250,000 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.43, for a total transaction of $5,857,500.00. Following the completion of the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. This trade represents a 12.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the vice president now directly owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 259,234 shares of company stock valued at $6,069,015 over the last 90 days. 13.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on CPNG shares. Mizuho increased their price objective on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 price target for the company in a research note on Wednesday, February 26th. Citigroup cut 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. Finally, Barclays set a $35.00 target price on Coupang and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.17.

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.