Natixis Advisors LLC Sells 14,552 Shares of Coupang, Inc. (NYSE:CPNG)

Natixis Advisors LLC reduced its stake in shares of Coupang, Inc. (NYSE:CPNG) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 556,622 shares of the company’s stock after selling 14,552 shares during the period. Natixis Advisors LLC’s holdings in Coupang were worth $12,235,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPNG. FMR LLC raised its stake in shares of Coupang by 32.0% during the third quarter. FMR LLC now owns 27,153,608 shares of the company’s stock worth $666,621,000 after acquiring an additional 6,584,910 shares in the last quarter. Wellington Management Group LLP raised its position in Coupang by 43.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,630,058 shares of the company’s stock worth $211,868,000 after purchasing an additional 2,603,046 shares during the period. Coronation Fund Managers Ltd. lifted its stake in Coupang by 53.3% in the fourth quarter. Coronation Fund Managers Ltd. now owns 7,383,611 shares of the company’s stock worth $162,292,000 after purchasing an additional 2,566,581 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Coupang by 762.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,798,782 shares of the company’s stock valued at $68,710,000 after buying an additional 2,474,175 shares during the period. Finally, Ninety One UK Ltd bought a new position in shares of Coupang during the fourth quarter valued at about $46,388,000. 83.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Coupang

In other news, Director Benjamin Sun sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.43, for a total value of $5,857,500.00. Following the sale, the director now directly owns 1,719,421 shares of the company’s stock, valued at $40,286,034.03. The trade was a 12.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Pranam Kolari sold 8,459 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 136,806 shares of the company’s stock, valued at approximately $3,143,801.88. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 259,234 shares of company stock valued at $6,069,015. Corporate insiders own 13.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CPNG shares. Deutsche Bank Aktiengesellschaft upgraded Coupang from a “hold” rating to a “buy” rating and set a $28.50 target price for the company in a report on Wednesday, February 26th. Citigroup cut their target price on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Mizuho upped their price target on shares of Coupang from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Finally, Barclays set a $35.00 price target on shares of Coupang and gave the stock an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Coupang has an average rating of “Moderate Buy” and an average target price of $29.17.

Coupang Price Performance

Shares of NYSE CPNG opened at $23.54 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.13 and a quick ratio of 0.86. Coupang, Inc. has a 1 year low of $17.34 and a 1 year high of $26.91. The company’s 50-day moving average is $23.34 and its 200 day moving average is $23.91. The stock has a market capitalization of $42.50 billion, a P/E ratio of 41.30, a P/E/G ratio of 52.20 and a beta of 1.10.

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.